Jessica Milagros Group
One of the members is Rosalba, who tells us that she sells ice cream. This business brings her a very good income, especially on very hot days. She says that through much hard work, she has been able to move her family forward and help to cover the family's expenses.
She is asking for the loan to purchase ice cream of all flavors, since the hot weather is coming and she wants to be able to meet the demand.
Una de las miembros es la señora Rosalba, quien nos comenta que se dedica a la venta de helados. Este es un negocio que le trae muy buenas ganancias, en especial en los días de mucho calor. Ella comenta que mediante mucho esfuerzo ha podido sacar adelante a su familia y ayudar a cubrir los gastos de la familia.
Ella solicita el crédito para la compra de helados de todo los sabores, pues se acerca el calor y quiere poder cumplir con la demanda que tiene.
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