Rufina works hard in her grocery store every day; she gets customers starting at very early hours so she starts working very early too. She defines herself as a person with many dreams and goals to reach; she strives towards them daily.
She’s asking for the loan to buy soft-drinks, dairy products, baked goods and other basic staple items which are the ones that sell best.
Rufina and her group are grateful for the support they get from Kiva and Fundación Paraguaya.
Rufina todos los días trabaja duro en su despensa, tiene clientes desde muy tempranas horas por lo que empieza todos los días desde muy temprano. Ella se define como una persona con muchos sueños y metas que cumplir, por los que lucha día a día.
Solicita el crédito para la compra de bebidas, lácteos, panificados y demás artículos de primera necesidad, que son los que más venta tiene. Rufina y su grupo agradecen por la ayuda que reciben de kiva y fundacion paraguaya.
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