La Paloma Group
They all have different things to sell: pants, shoes, tomatoes, lettuce, apples, bananas, soda, caramels, melons, watermelon, sugar, milk, oil, and other things.
The women took out a credito of Gs 300,000 to 500,000. They are in their second cycle and have a savings of Gs 925,000.
The credit is to buy merchandise and things that are needed to sell in their neighborhood.
Liz C. is the head of the committee and she wants to use her loan to buy and sell clothes.
Nelly O. wants to use her loan to buy and sell grocery ítems.
Mirian L. wants to use her loan to buy and sell fruit.
Gregoria O. wants to use her loan to buy and sell chicken.
Marciana M. wants to use her loan to buy and sell clothes.
Abelina E. wants to use her loan to buy and sell clothes.
Lucina G. wants to use her loan to buy and sell vegetables and chicken.
Liz M. wants to use her loan to buy and sell clothes.
Anastasia M. wants to use her loan to buy hens.
Juana R. wants to use her loan to buy and sell clothes.
Basilicia B. wants to use her loan to buy and sell clothes.
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