María is part of this group and she comments that she works selling cakes and does very well since she has very good hands for making sweets. She’s a very hardworking person who very much wants to get ahead and help her family.
María is asking for the loan to buy milk, shortening, flour, sugar, sweets and other supplies to be able to continue making her cakes and be able to fill all the customer orders.
Maria es parte de este grupo, y nos comenta que se dedica a la venta de tortas en lo que le va muy bien, ya que tiene muy buenas manos para los dulces. Ella es una persona muy trabajadora y con muchas ganas de salir adelante y ayudar a su familia.
Maria solicita el crédito para la compra de leche, manteca, harina, azúcar, dulces y demás insumos para poder seguir haciendo sus tortas y de esa forma poder cumplir con pedidos de 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