San Juan Group
Fatima is one of the members of this group. She has a convenience store in her home where she supplies people in her neighborhood with different products. She says that she started out with very little but, thanks to her efforts and the fact that she has good customers, her business is growing. Fatima is a very hard-working and, above all, entrepreneurial person. Her goal is to continue improving her store and to have more products to offer her customers.
Fatima is requesting this loan to invest in buying drinks, soda, fruit, vegetables and other products with which to stock her store. She hopes that this loan will enable her to provide her customers with the fresh produce they are used to.
Fatima es una de las integrantes de este grupo, quien tiene una despensa en su casa con los productos para poder abastecer a su barrio, cuenta que inicio con muy poco, pero que después gracias a su esfuerzo, y a que tiene buenos clientes esta creciendo. Es una persona muy trabajadora y por sobre todo emprendedora. Su meta es poder ir mejorando su salón de la despensa y tener más productos que ofrecer a sus clientes.
Solicita de este crédito para poder invertirlo en la compra de bebidas, gaseosas, frutas, verduras y demás insumos para poder surtir su despensa. Espera que por medio de este crédito pueda dar a sus clientes los productos frescos a los que están acostumbrados.
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