San Blás Group
A very moving story is that of Sra. Juana Gonzalaez. She works bringing merchandise to Clorinda. She lives alone and works a lot. She is a woman who has scare resources, but thanks to the credit committee and her partners she believes she is capable of considerably improving her business and its manaagement. She tells us that this loan could help improve her income, and she wants to use it to purchase fruits, vegetables, bread, and vatious types of beverages.
Una historia muy conmovedora es la de la Sra. Juana González. Ella se dedica a traer mercadería a Clorinda. Vive sola y trabaja mucho. Ella es una mujer de escasos recursos, pero gracias al comité de crédito y sus socias cree que es capaz de mejorar considerablemente su negocio y su gestión. Ella dice que este préstamo podría mejorar sus ingresos y quiere usarlo para comprar frutas, verduras, pan y todo tipo de bebidas.
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