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Mar 27, 2016 1:17 PM ET

Archived: Paraguay – Oñondivepa Group: A portion of Oñondivepa Group’s $5,325 loan helps a member to buy natural remedies to sell.

iCrowdNewswire - Mar 27, 2016

Oñondivepa Group

Asunción, Paraguay Health | Natural Medicines
Oñondivepa Group
In this Group: Norma, Lilian, María, Claudia, Ester, Virginia, Maria, Maria, Maria, Leovigilda, Ruth, Olga, Matilde, Fatima, Isabelina, Zulma*, Maliz*
* not pictured
The Oñondivepa Group is in its third cycle of the Women’s Committee Program where they all work and help each other get ahead. The members of this group are self-sacrificing and they set a goal of growing not only financially but personally.

One of the members is Lilian who sells refreshing remedies. Also, the work and effort she is putting in to grow and go on improving her conditions of life through her work and efforts should be highlighted. Despite doing the very humble work that she does, she is proud of it because she supports her family with it.

She is asking for this loan in order to invest it in the purchase of natural remedies to sell in order to serve her customers while at the same time continuing to help them.

Additional Information

About Fundación Paraguaya

Fundación 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.


Contact Information:

Oñondivepa Group

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