María Auxiliadora Group
This committee is from Thompson, San Lorenzo. During more than two years of very hard work, this group has grown both socially and financially. The committee's members are known in their area as very hard-working women. They experienced a very difficult situation during their last loan cycle in that several of their members failed to make their weekly repayments. The group repaid their loan and made a pledge to successfully re-start their committee.
Monica B. prepares and sells empanadas which are very popular in her country. She also sells iced drinks. Through her work, she supports her family and strives to work honorably, facing up to the financial crisis. She is requesting a loan to buy sugar, noodles, meat, milk, baked goods, rice, drinks, oil, flour, etc.
Este comité es de Thompson San Lorenzo, en estos más de dos años de intenso trabajo han crecido tanto social como económicamente, son reconocidas en el lugar como mujeres muy trabajadoras. Han pasado por una prueba muy difícil en el ciclo anterior ya que varias de las compañeras incumplieron en los compromisos de pago semanal, cancelaron el crédito y asumieron el compromiso de levantar nuevamente y con éxito el comité al cual pertenecen.
La Señora Monica B. se dedica por ejemplo a la preparación y venta de empanadas, muy popular en el país, además de la venta de bebidas heladas, con lo cual mantiene a su familia y se esfuerza por trabajar dignamente
enfrentando la crisis económica. Ella solicita el crédito para la compra de azúcar, fideos, carne, leche, panificados, compra de arroz, bebidas, aceite, harina, etc.
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