Mujeres Renovadoras Group
Maria is one of the members of this committee. Her business is selling natural medicines as an itinerant vendor. She also recycles materials such as aluminum, plastic, paper, iron, etc. She says that she is working hard and, as a result, making progress and helping her family.
Maria is requesting this loan to buy natural medicines so that she can stock up and thereby have a better range to offer her customers. All the members are happy to belong to this group as it has helped them a lot.
La Sra. Maria es una de las integrantes de éste comité, es vendedora ambulante de remedios naturales y también realiza reciclaje de materiales como ser aluminio, plásticos, papel , hierro, etc. Dice la Sra. Maria que con mucho esfuerzo está saliendo adelante y ayuda a su familia.
Solicita de este crédito para la compra de remedios naturales, con los que va a poder surtirse y tener mayor variedad que poder ofrecer a sus clientes. Todas las miembros están contentas por formar parte de este grupo ya que les ha ayudado mucho.
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