San Cayetano Group
The committee is named “San Cayetano“. It is in its second cycle with 16 members. The group stands out in their community for being very united, supportive and responsible.
Berta sells flowers. Day after day, from early in the morning, she sprays her flowers to improve their appearance and she puts them on a display for those people who want to buy them. This business has given her an income, even though there are good and bad times, just like the economic cycle.
Berta wants to obtain more work materials like seeds, planters, fumigators, etc. For this reason, she is requesting a loan and she hopes she can count on the credit assistance.
El comité se denomina ”San Cayetano“ y está en el Segundo Ciclo con 16 integrantes, es un grupo que se destaca en el barrio por ser muy unido, solidario y responsable.
La sra. Berta se dedica a la venta de flores, ella día a día desde tempranas horas fumiga sus flores para embellecerlas y las pone como en un mostrador para todas aquellas personas que deseen comprarlas, este negocio le ha dejado un muy ingreso, a pesar de que tiene sus épocas como todo ciclo económico.
Ella desea poder adquirir más materiales de trabajo, como semillas, planteras, fumigadoras, etc. por eso solicita el crédito, esperando contar con la ayuda crediticia.
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