Santa Lucía Group
After five years of hard work, this committee from San Lorenzo has grown both socially and economically. The group is known locally for its hardworking women. Sra. Mirian F. is the group president. She has a grocery store as her small business so that she can generate more income for her family.
Este comité es de San Lorenzo, en estos cinco años de intenso trabajo han crecido tanto social como económicamente, son reconocidas en el lugar como mujeres muy trabajadoras.
La sra. Mirian F. es la presidenta del grupo, ella posee su propio almacén, para poder obtener mejores ingresos para su familia. Por eso solicita el préstamo para comprar azúcar, fideos, leche, carne, frutas, verduras, y también jabones y artículos de limpieza.
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