Bello Horizonte Group
Sra. Teresa is an example of perseverance and the effort required to make progress. It was for this reason that she was elected to be the General Director for this loan cycle. Teresa manages a store. Through her work, she is able to provide her family with everything they need and cover the daily expenses. She is requesting a loan in order to buy beverages, dairy products, baked goods, canned goods, and other items so that she can restock her store and continue growing her business just as she has done previously.
Solicita el crédito para la compra de bebidas, lácteos, panificados, enlatados y demás productos para poder surtir su local y seguir creciendo con su negocio como lo ha venido haciendo.
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