Milagros 2 Group
One of the members of the group is Sofia. She lives together with her husband and has 3 children. He works ferrying people across a river.
She has worked for several years buying and selling all kinds of products, such as beans, rice, sugar, and other staples.
Sofia is requesting the loan to buy rice, sugar, beans, herbs, and other basic goods to be fully stocked, which would allow her to continue growing and helping her family.
Una de las integrantes del grupo es la Sra. Sofia, ella tiene 3 hijos, esta acompañada con Ricardo, su marido trabaja como Pasero y ella se dedica hace varios años a la compra y venta de productos de todo tipo, como fideos, arroz, azúcar, y demás productos de primera necesidad.
Ella solicita el crédito para la compra de arroz, azúcar, fideos, yerba y demás insumos para abastecerse y de esa forma poder seguir creciendo y ayudando a su familia.
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