Divino Niño Group
Sra. Rosa S. sells house cleaning kits from her home. In addition, she teaches at the neighborhood school in the mornings. She wants to progress, so she joined this group so that she could receive a loan from Fundación Paraguaya through Kiva.
La Sra. Rosa S. se dedica a vender kits (paquestes) de limpieza doméstica en su casa además de enseñar en horas de la mañana en la escuelita de su barrio.
Ella desea progresar y por ello se unió a este grupo a fin de recibir un crédito de la Fundación Paraguaya mediante el equipo de KIVA.
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