Santa Lucia Group
One of the members is Señora Mercedes. She makes her living selling cheese and milk, with which she is able to support her household and meet her daily expenses. In addition, she states that she always has a lot of customers and orders.
Señora Mercedes is requesting the loan to purchase milk and cheese, with which she will be able to stock up to meet her customers' demand.
Una de las miembros es la señora Mercedes, ella se dedica a la venta de queso y leche, con lo cual puede mantener su casa y paliar los gastos diarios. Además de eso comenta que siempre tiene muchos clientes, como así también pedidos.
Ella solicita el crédito para la compra de leche y queso, con lo cual podrá abastecerse y cumplir con la demanda de los clientes.
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