Santo Domingo Group
Hermelinda needs a loan to get more pantry items. She needs to buy a lot of products that, for lack of means, she couldn't get before. She's a very devoted mother and wants her children to have a much better life than she had.
La sra. Hermelinda necesita el crédito para ampliar su despensa, comprando muchos de los productos que por falta económica no puede adquirir; ella es una madre muy dedicada y desea que sus hijos tengan una vida mucho mejor que la que tuvo ella.
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