Alda works as a cook and she comments that she’s done this work for a good time now so she has a well-established clientele because her food is always well received by her customers. She strives to the maximum to be able to make progress and get ahead thanks to the hard work she does.
Alda is calling on the Fundación and on Kiva to request a loan that she wants to use to buy ingredients she needs to make the food she sells. She needs to buy meat, vegetables, condiment, etc.
Alda trabaja de cocinera, y nos comenta que trabaja en esto hace ya un buen tiempo, por lo que ya tiene una clientela bien formada, pues su comida es siempre bien aceptada por sus clientes. Ella se esfuerza siempre al máximo para poder progresar y salir adelante por medio del duro trabajo que hace.
Alda acude a la fundación y a kiva para solicitar un crédito, el cual desea invertir en la compra de los insumos que necesita para hacer los alimentos que vende. Necesita comprar carne, hortalizas, aderezos, y demás.
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