San Juan Group
Matías is one of the group members; she has a grocery store that’s well stocked and because of this she always has a good number of customers. She comments that this is her main means of support so she’d like to be able to continue investing in it.
She asks for the loan to buy canned goods, sugar, herbs, pasta and others to stock her store. She thanks the Fundación and Kiva for the help.
La señora Matías es una D. las integrantes, ella tiene una despensa, la cual está bien surtida, por este motivo es que siempre tiene buena cantidad D. clientes. Ella comenta que este es su principal medio D. subsistencia por lo que le gustaría poder seguir invirtiendo en el.
Ella solicita el préstamo para la compra D. enlatados, azúcar, yerba, fideos y demás con lo que podrá abastecer su local. Agradece a la fundación y a kiva por la ayuda.
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