Kuña Kyrey Group
One story is Mrs. Justina's. She sells sheets and clothing, thanks to the loan she was granted. She mentions that through her group's help she could improve her business and her quality of life and economic income. She mentions that through this business, her family's economy improved.
She requests this loan in order to buy sheets and garments for sale, and in this way continue satifying her customers.
Una historia es la de la Sr. Justina quien se dedica a la venta de sábanas y ropa, esto gracias al créditos que se le otorgó, nos comenta que mediante la ayuda de su grupo pudo mejorar su actividad y su nivel de vida e ingreso económico. Ella nos comenta que mediante este negocio la economía de la familia mejoró.
Ella pide este préstamo para la compra de sabanas y prendas para la venta, para que de esa forma siga cumpliendo con 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