Kuña Guapa Isla Umbugua Group
This is Victorina's story: She sells clothing, and also has a stand selling food and drinks. She tells us that she supports the household, as she became a widow two years ago, and she alone has all the responsibility. She wishes to keep working so that she can help her family with day-to-day expenses.
She is applying for the loan in order to buy clothing, enabling her to stock up, and that way have more variety to offer her customers. She is grateful for the help she is receiving, as it will be very useful to her.
Esta es la historia de Sra. Victorina quien se dedica a la venta de ropas, y también tiene un kiosko con venta de comidas y bebidas y nos comenta que ella mantiene la casa, ya que enviudo hace dos años y toda la carga es solo de ella. Desea seguir trabajando para poder ayudar a su familia con el día a día.
Ella solicita el crédito para la compra de ropas, con lo cual podrá abastecerse y de esa forma tener mayor variedad que ofrecer a sus clientas. Ella esta agradecida por la ayuda que está recibiendo, pues le será muy útil.
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