Rosa Mistica Group
Lucresia is a domestic employee and she works Monday through Friday. She also runs a small store out of her home. Her mother and 2 small children tend to the store. She requested the loan so she can purchase a variety of items for her store such as baked goods, beverages, sweets, yerba, etc. Lucresia wants to expand her business so she can increase her clientele, allowing her to quit her job as a domestic employee, which is a huge sacrifice.
La Sra. Lucresia es empleada domestica, trabaja de lunes a viernes, y también tiene una despensa en su casa, tiene 2 hijos aun pequeños, la despensa lo cuidan sus 2 hijos y su mamá. Ella retiro el crédito para la compra de insumos variados para su despensa, como ser panificados, bebidas, golosinas, yerba, etc. Lucresia tiene como meta ampliar mas su negocio, teniendo mas clientes y así poder dejar de trabajar en casa de familias, lo cual es muy sacrificado. teniendo
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