Virgen De Itati Group
Edith is a member of this group and she sells cornmeal. She says she herself mills the corn to obtain the fresh cornmeal she then sells to her customers. Thanks to the good quality of her products she has succeeded in gaining established customers who always buy from her.
Edith says that the loan she is requesting to Fundación Paraguaya will be used to buy corn to mill, in order to always have cornmeal to sell. She is grateful to Fundación Paraguaya and to Kiva for the opportunity she is being granted.
Una de las integrantes del grupo es la Sra. Edith, ella se dedica a la venta de harina de maíz en su casa, cuenta que ella misma procesa el maíz, de lo que obtiene la harina fresca, la cual ofrece a sus clientes. Gracias a la buena calidad de sus productos ha logrado formarse una buena clientela que siempre compra de ella su producto.
Cuenta la Sra. Edith que el crédito que solicita a la fundación lo utilizará para la compra de maíz para procesarlo y así tener a la venta siempre su producto. Agradece a la fundación y a Kiva por la oportunidad que está recibiendo.
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