Acosta Ñu Group
One of the members is Trifina who sells all types of products in her modest store. She comments that she has a well-stocked store where she offers good customer service and affordable prices. She wants to continue providing good quality and service to her customers and this is why she’s asking for a loan to be able to stock her store with foodstuffs, beverages and other supplies.
Una de las miembros es la Sra. Trifina, quien se dedica a la venta de productos de todo tipo en su modesta despensa. Comenta que tiene un pequeño negocio bien surtido, donde ofrece buena atención a sus clientes, además de buen precio.
Ella desea seguir dándole buena calidad y servicio a sus clientes, y por ello solicita el crédito, para poder abastecer su negocio con comestibles, bebidas, y demás insumos.
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