Adriana is the group's president and she tells us that her business is selling charcoal. Her business is doing very well thanks to the fact that charcoal is very popular right now because gas is very expensive. Thanks to her work, Adriana is able to help her family and give them what they need in order to live a better life. She is requesting this loan to buy charcoal which will help her to stock up and have more produce available.
All the members of this committee are very grateful to Fundación Paraguaya and Kiva for their support which enables them to improve their financial situation as a group.
Adriana es la presidenta del grupo, y ella nos comenta que se dedica a la venta de carbón, en lo cual le va muy bien, debido a que últimamente este es muy utilizado ya que el gas está muy caro. Gracias a este trabajo ella puede ayudar a su familia y darles lo que necesitan para una mejor vida. Ella solicita el crédito para la compra de carbón, lo cual le ayudara a poder abastecerse y de esa forma poder tener más en stock.
Todas las integrantes del comité están muy agradecidas con la Fundación Paraguaya y kiva por el valioso apoyo que les brinda para poder mejorar sus condiciones financieras en la sociedad.
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