One of the members is Felicia who runs a store where she works every day from the early morning hours. She defines herself as a very determined person who has been able to grow and get ahead through much effort.
She is requesting a loan to buy goods such as beverages, vegetables, fruit, bread and other items to stock her business. Her goal is to give her customers the variety to which they are accustomed.
Una de las integrantes es la Sra. Felicia, quien cuenta que tiene una despensa en la que trabaja todos los días desde muy tempranas horas. Felicia se define a sí misma como una persona muy luchadora que con gran esfuerzo ha podido salir adelante y crecer.
Solicita de este crédito para poder invertirlo en la compra de insumos como ser bebidas, verduras, frutas, panificado y demás, ya que con ello podrá surtir su negocio y dar a sus clientes la variedad a la 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