Damas Unidas Group
Sra. Pascuela is one example of the struggle. She owns a bakery, which supports her household and family. She notes that, thanks to her efforts and close attention, she already has an established clientele which generates a very good income. Consequently, she wants to continue investing in her business and is requesting help from Kiva and Fundación Paraguaya in order to purchase flour, leavening, seasoning and other items which are essential ingredients for her business.
She, together with her friends, is very grateful for the opportunities afforded them.
Un ejemplo de lucha es la señora Pascuala, ella tiene una panadería, la cual es el sustento de su casa y de su familia, comenta que gracias a su esfuerzo y buena atención ya tiene una clientela bien formada, lo cual le trae muy buenos ingresos, es por ello que quiere seguir invirtiendo en su negocio, por lo que solicita la ayuda de Kiva y fundación paraguaya, para la compra de harina, leudantes, saborizantes y demás, los cuales son ingredientes esenciales de su negocio.
Ella al igual que sus amigas están muy agradecidas por esta oportunidad que tienen.
About Fundación ParaguayaFundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid