Santa Maria Group
It's a great group thanks to the solid work already done and continued work with the program to this day.
They perform fundraising activities and help each other to reach the common goals of the group and Fundacion Paraguaya.
Encarnacion M., who is president of the group will invest the loan to buy sweets to sell.
Encarnacion is a street vendor, who works hard everyday on a route to schools, squares, sports fields to offer and sell her candies to earn a living.
Es un excelente grupo gracias al trabajo solidario realizado y continuan trabajando con el programa hasta estos días.
Todas ellas realizan actividades para recaudar fondos, se ayudan mutuamente para llegar a los objetivos en común que todas tienen dentro del grupo y con la Fundación Paraguaya.
Encarnacion M., quien es la presidenta del grupo, especificamente invertira el credito para la compra de Golosinas.
Encarnacion es vendedora ambulante, con mucho esfuerzo dia a dia recorre los colegios,las plazas, las canchas deportivas para ofrecer sus golosinas y asi ganarse la vida.
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