Kuña Marangatu Group
One of the members is Berta who through struggling, continuous work, and applying the vital behavior of a successful woman is improving her poverty situation. She works selling fruit salads, and she is responsible for making them very early in the morning every day and later selling them as a street vendor. Through her work she has the means to help support her family, trying hard to give them a better quality of life.
Berta is asking for this loan in order to invest it in the purchase of various products in order to make fruit salads buying apples, oranges, pears, pineapples, peaches and others, so she can continue her sales as she has been doing.
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.