Vecinas Alegres Group
One of the members is Teodolina who has a well-stocked grocery store where she offers her neighbors basic household products. She considers herself to be a very hard-working, tenacious, entrepreneurial woman. She tells us that she gets up very early in the morning to organize her store as her customers start arriving very early. She would like to continue increasing her business and is requesting a loan to buy vegetables, flour, eggs and other products which will allow her to stock her store.
Una de las miembros es la señora Teodolina, ella tiene una despensa bien surtida, con la cual da a sus vecinos los productos de primera necesidad. Ella se considera una mujer muy trabajadora, luchadora y muy emprendedora. Nos comenta que se levanta a muy tempranas horas a empezar a ordenar su despensa, ya que desde temprano tiene clientes. Ella quiere seguir aumentando su negocio por lo que solicita el crédito para la compra de verduras, harina, huevos, hortalizas y otros, los que le servirán para abastecer su local
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