One of the members of the committee is Elvira. She sells food. She is a very hardworking woman who strives day to day to grow her business and become known in the neighborhood. The loan she is asking for is to buy various materials to make her food, such as vegetables, seasonings, dressings and more. This way she can continue with her sales and help her family.
Una de las integrantes de comités es la señora Elvira quien se dedica a la venta de comidas, es una señora muy trabajadora que con su esfuerzo día a día va acrecentando su negocio y se hace conocida en el barrio.
El préstamo ella lo pide para poder invertirlo en la compra de insumos varios para poder hacer sus comidas, como verduras, condimentos, carne, aderezos y demás, y de esa forma seguir con sus ventas, con lo cual ayuda a sus familias.
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