8 De Diciembre Group
For example, Elva J. makes cleaning products. She buys all the ingredients and makes the products according to the orders she receives from her customers. Elva visits her customers and writes down their orders and based on that prepares her products to sell.
She is asking for a loan to buy the ingredients for the cleaning products she prepares and sells.
Así como ejemplo la señora Elva J. quien se dedica a la elaboración de productos de limpiezas, ella compra todos los ingredientes y elabora los productos de acuerdo a los pedidos que ella recibe de sus clientes. La señora Elva visita a los clientes y levanta los anota los pedidos y de acuerdo a ello prepara sus productos para vender.
Ella solicito el crédito para la compra de ingredientes de los productos de limpieza que ella prepara para vender.
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