One of the members is Ms. Blanca who, thanks to selling charcoal, can help her family with the household expenses. This has been her means of subsistence and of helping out her family. She says that she has good sales since lately charcoal has been the most common way to cook food.
She is requesting for the loan to purchase more charcoal so she can be well stocked and have more charcoal to provide to her clients.
Una de las integrantes es la señora Blanca, quien gracias a la venta de carbón que hace, puede ayudar a su familia con los gastos de la casa. Este ha sido su medio de subsistencia y de ayuda para con sus familiares. Comenta que tiene beuna venta, pues el carbón ultimente ha sido el medio más utilizado para elaborar los alimentos.
Ella solicita el crédito para la compra de más carbón, con lo cual podrá abastecerse y tener más stock para poder cumplir con sus clientes.
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