Mujeres Activas Group
One of the members of the group is María. She has a candy shop in her neighborhood and she comments that she has good sales because the majority of her neighbors are her customers and this gives her very good earnings. María says that she is requesting the loan to buy general ingredients to make her products, including flour, sweets, sugar, butter and more.
She is grateful to the Fundación Paraguaya and Kiva for the opportunity that she is receiving. This will be of much help to her and her family.
Una de las integrantes del grupo es la Sra. María, ella tiene una confitería en su barrio y comenta que tiene muy buena venta ya que la mayoría de sus vecinos son sus clientes y eso le da muy buena ganancia. Cuenta la Sra. María que solicita el crédito para la compra de insumos en general para la elaboración de sus productos, como ser harina, dulces, azúcar, manteca y demás.
Agradece a la fundación paraguaya y a Kiva por la oportunidad que está recibiendo, pues le será de mucha ayuda a ella y a su familia.
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