San Juan Group
Crescencia sells drinks. She has this business in her house. From there she provides all of her customers with all of the drinks that are needed for different festivities. She provides drinks for birthdays, anniversaries, “asagojas” (celebrations for people for an important date like the Catholic First Communion), etc.
She wants to increase her stock of products in order to better meet the needs of her customers and neighbors. That is why she is requesting a Kiva loan. The loan is to be able to carry out her project.
Es un grupo que se destaca por trabajo en conjunto y solidario que realizan.
La sra. Crescencia se dedica a la Venta de Bebidas, ella posee ese negocio en su casa, desde allí provee a todos sus clientes con todas las bebidas que se necesitan el distintos festejos que se realizan, cumpleaños, aniversarios, agasajos (fiestas ofrecidas a alguien por una fecha importante como la Primera Comunión Católica), etc.
Sin embargo, desea aumentar su stock de productos para satisfacer mejor las necesidades de sus clientes y vecinos, por ello solicita el préstamo a Kiva, para poder realizar su proyecto.
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