San Jose 2 Group
One of the members is Señora Liz who has a fast food counter. This supports not just her, but also her family. She starts work very early in the morning but says that her work is very rewarding. As far as her customers are concerned, she says that she has regular clientele and this is like having a steady income.
She is applying for the loan to buy candy, cookies, soft drinks, cigarettes and other things to stock her small restaurant, as these are the most popular items.
Una de las miembros es la señora Liz, la cual tiene un copetín. Este local le sirve de sustento, no solo de ella sino también el de su familia. Trabaja desde muy tempranas horas de la mañana, pero dice que su trabajo es muy gratificante. En cuanto a los clientes manifiesta que tiene una clientela formada y que eso sería como un ingreso seguro.
Ella solicita el crédito para la compra de golosinas, galletitas, gaseosas, cigarrillos y otros artículos para abastecer su pequeño local, ya que estos son los artículos que más salidas tienen.
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