8 De Diciembre Group
Lucia is one of the members. She works in recycling and also selling grilled meat on the weekend. She has two children and she tells us that they are the reason for her constant struggle. She scours the streets looking for recyclable materials to later sell. She is very proud of her job because it is honorable and honest.
She is requesting the loan to buy recycled materials in bulk to later resell, because she will have more profits.
She is grateful for the opportunity that she and her group are receiving.
La Sra. Lucia, es una de las miembros, ella se dedica al reciclado y también a la venta de asaditos los fines de semana. Tiene 2 hijos y nos comenta que ellos son su razón de lucha constante. Ella recorre las calles buscando los artículos reciclables para después venderlos. Está muy orgullosa de su trabajo, pues es digno y honesto.
Ella solicita el crédito para la compra de materiales reciclados en cantidad para después revenderlos, ya que con eso tendrá más ganancia. Agradece por la oportunidad que ella y su grupo están recibiendo.
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