Virgen Del Perpetuo Socorro Group
This group was formed thanks to the current Director of Finance, Marica, who brought together all her neighbors and friends who wanted to work. Marcia says that she works in sales as she has a grocery store in her house and this business gives her the income that she needs to be able to help her family. She says that she already has good customers and that the business is improving thanks to her efforts.
She is requesting this loan to buy rice, sugar, noodles, dairy products, baked goods, yerba, etc. With these things she will be able to supply her store and keep working.
Este grupo se formó gracias a que la actual Directora de Finanzas la Sra. Marcia logró juntas a todas sus vecinas y amigas que querían trabajar. Marcia cuenta que se dedica a las ventas, ya que tiene una despensa en su casa y con este negocio es que tiene los ingresos que necesita para poder ayudar a su familia. Cuenta que ya tiene muy buena clientela y que esta mejorando gracias a su esfuerzo.
Solicita de este crédito para comprar arroz, azúcar, fideos, lácteos, panificados, yerba, etc. Y con esto poder surtir su negocio para seguir su trabajo.
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