Torin Poty Group
Elva is part of the group, she says she sells all kinds of vegetables which are helping her to get through in life, she is a woman who has made a lot of sacrifices, she has worked all of her life and will continue to do so to give her family a good future. She wants the loan to buy vegetables so she can have plenty to offer in her business so she can continue to work.
Elva es parte del grupo, y cuenta que vende verduras de todo tipo, con lo que está saliendo adelante. Ella es una persona muy sacrificada, que toda su vida ha trabajando, y lo seguirá haciendo para darle un buen futuro a su familia.
Solicita del crédito para la compra de verduras, y así tener siempre surtidos su negocio para seguir trabajando.
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