This group is from San Lorenzo and lately they have working intensively and as a result their group has grown socially and financially. They are known in their community for being very hard working women. They went through a very difficult challenge in the past loan cycle after many members failed to meet the weekly commitments. But they managed to pay off the loan and they decided to restart their group anew.
Este comité es de San Lorenzo.
Su presidenta es la Sra. Agripina L., ella se dedica a vender comestibles, dentro de un pequeño almacén, a los vecinos de su barrio, por eso solicita el crédito, para aumentar las variedades de productos comestibles.
Durante este tiempo las integrantes han hecho un intenso trabajo y por ello han crecido tanto social como económicamente, son reconocidas en el lugar como mujeres muy trabajadoras.
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