Mujeres Activas Group
One of the group members is María. She works making pastries and has a confectionary store in her home where she sells cakes and pies to order and also to people who come to her store. She says things are going well, that she always gets orders and these enable her to keep working and helping her family.
María says she is requesting the loan to buy supplies that she uses in the pastries that she prepares, such as: sugar, butter, colorings, and more. She is grateful to the foundation and to Kiva for the opportunity she has received.
Una de las integrantes del grupo es la Sra. María, ella se dedica a la elaboración de masas dulces en general y tiene una confitería en su domicilio donde vende sus tortas y tartas sobre pedido a también a los clientes que llegan al local. Ella comenta que le va bien, ya que siempre recibe pedidos y de esa forma puede seguir trabajando y ayudando a su familia.
Cuenta la Sra. María que solicito el crédito para la compra de insumos que utiliza en los dulces que prepara, como ser: azúcar, manteca, colorantes y demás. Ella agradece a la fundación y Kiva por la oportunidad recibida.
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