San Paulo Group
Sra. Estelvina G. C. has a food pantry where she sells groceries and ice cream. Her partner for the past twelve years is Sr. Dionisio Benitez, who works in masonry. They have six school age children, two in high school and four in elementary school.
Sra. Estelvina has taken this loan to buy merchandise to restock her food pantry such as sugar, herbs, flour, baked goods, beverages, and other products. She dreams of expanding her business and providing the best for her children in terms of shelter, education, and health.
La sra. Estelvina G. C. posee un despensa donD. lleva a cabo la venta D. comestibles y helados; está en pareja desD. hace 12 años con el señor Dionisio Benitez, quien se dedica a la albañilería, tienen seis hijos estudiantes, dos en la secundaria y cuatro en la primaria.
La señora Estelvina retiró el crédito para la compra D. mercaderías para cargar su despensa (azúcar, yerba, harina, panificados, bebidas, etc.). Ellos sueñan con ampliar su negocio y brindar lo mejor a sus hijos en cuanto a vivienda, educación y salud.
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