Renacer De San Francisco Group
The committee is called "Renacer de San Francisco", and they are currently in their second loan cycle and have an excellent rating. The group is composed of 16 enterprising women who put their best into increasing their income.
Juana is the president of the committee and she sells food and drinks from a little stall in the market of her city. Many people go there for lunch if they can't have lunch at home.
El comité lleva por nombre Renacer de San Francisco, actualmente se encuentran en el segundo ciclo con calificación excelente, integrada por 16 emprendedoras señoras, quienes ponen lo mejor de si para aumentar sus ingresos.
La sra. Juana es la presidenta del comité y ella se dedica a la venta de comidas y bebidas en un pequeño puesto en el mecado de su ciudad, muchas acuden allí para el almuerzo principalmente pues no se pueden ir para tal cosa a sus casas.
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