One of the group's members is Ms. Alicia who is married with two children. She tells us she has a small grocery store in her home, and her husband earns a living selling natural gas, and they also provide rental services for children's events. They both help each other get the family ahead. Alicia comments that she is doing very well with her sales and so she is requesting the loan, so she may stock her business, giving it more variety in order to continue bringing in income.
She wishes to purchase grocery items, drinks, dairy products, bakery items and other things. She appreciates the foundation and Kiva for this opportunity for progress they are being given.
Una de las integrantes del grupo es la Sra. Alicia, quien es casada, tiene 2 hijos. Ella nos cuenta que tiene una pequeña despensa en su casa, y su marido se dedica a la venta de gas y también realizan alquileres para eventos infantiles. Ambos se ayudan para poder sacar adelante a la familia. Alicia comenta que le va muy bien en las ventas y es por ello que solicita el crédito, para poder abastecer su negocio y de esa forma darle más variedad a la despensa, para poder seguir con las ganancias.
Ella desea comprar comestibles, bebidas, lácteos, panificados y demás. Agradece a la fundación y a kiva por esta oportunidad de progreso que les da.
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