San Cayetano Group
Nelly is a member of this group. She defines herself as a hardworking and enterprising person who wants to move forward and help her family through her work. Nelly sells all types of beverages and has done very well in this business. Most of the customers who purchase from her are neighbors and people who live in other areas. Her goal is to continue growing so that she can help her entire family. The intended use of the loan she requested is to restock her business with more beverages. This will enable her to provide better quality and greater variety for her customers.
Nelly es parte del grupo, y ella misma se define como una persona muy trabajadora y emprendedora, que tiene muchos deseos de salir adelante y por medio de su trabajo poder ayudar a su familia. Se dedica a la venta de todo tipo de bebidas, en lo que le está yendo muy bien, ya que la mayoría de sus vecinos y personas de otras zonas vienen a comprar de ella.
Su meta es poder seguir creciendo y de esa forma ayudar a toda su familia. Es en vistas a este objetivo que ella solicita el crédito, ya que desea abastecer su negocio con más bebidas, y de esa forma ofrecer mayor calidad y variedad a sus clientes.
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