12 De Junio Group
One of the group's members is Herminia. She tells us that she has a small store, and with much sacrifice and effort she can get ahead. Thanks to the hard work and determination she puts into her business, she is able to earn the money necessary to help her family and maintain her home. Her goal is to continue growing and in this way become a great storekeeper.
Herminia is asking for help from Fundación Paraguaya and Kiva to buy drinks, meat, sausage, vegetables and other basic foodstuffs, with which to supply her business.
Una de las integrantes es la señora Herminia, quien nos comenta que tiene una pequeña despensa que con mucho sacrificio y esfuerzo puedo sacar adelante. Gracias a su arduo trabajo y al empeño que pone en su negocio puede tener el dinero necesario para ayudar a su familia y mantener su hogar. Su meta es poder seguir creciendo y de esa forma poder ser una gran comerciante.
Ella pide la ayuda de la fundación y de kiva para la compra de bebidas, carne, embutidos, verduras y demás insumos de primera necesidad para poder surtir su local.
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