San Pablo Group
It is comprised of 10 women entrepreneurs who live in the same area and are neighbors. With the loan they have requested they plan to increase their businesses and create new sources of income to improve their lifestyles.
Mrs. Bernarda R. was the first one to get in touch with the group's guidance couselor because she was interested in setting up her own group. She works in house cleaning and wants to use the loan to raise and sell chickens. It is a business she wants to get started in, and she also wants to set up a group plan to improve understanding and duties within the group.
All are women who need economic help and, therefore, they trust Kiva and the lenders to help them get ahead just like other groups.
Está integrado por 10 señoras emprendedoras, todas ellas son de la misma zona, vecinas, con el crédito que solicitan pretenden aumentar sus negocios y crear nuevas fuentes de ingresos para mejorar sus calidad de vida.
La señora Bernarda R. fue la primera en comunicarse con la asesora de comité, interesada en formar su propio grupo; ella está trabajando como empleada doméstica y tiene por objetivo destinar el crédito para la cría y venta de pollos, es un negocio que quiere emprender, además de llevar a cabo el plan de trabajo grupal para el mejor entendimiento y desempeño del grupo.
Todas son mujeres que necesitan un apoyo económico, por eso confían en Kiva, en sus inversionistas, en que las ayudarán a salir adelante como lo han hecho con otros grupos.
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