Santa Maria Group
They are very happy about the opportunity that the Foundation is giving them, and that's why they wish to reach the highest level of the program.
One of the members is Maria, who tells us that she has a grocery store. This business provides the necessary means for her to help her family. She describes herself as a very hard-working and enterprising woman, who isn't afraid of work, or of any challenge.
She is applying for the loan in order to buy foodstuffs, drinks, dairy products, baked goods, and other products. She will be able to stock her business with these and sell them to her customers.
Una de las miembros es Maria, quien nos comenta que tiene una despensa. Este negocio le da los medios necesarios para poder ayudar a su familia. Ella se define como una mujer muy trabajadora y emprendedora, que no tiene miedo al trabajo ni a ningún desafío.
Ella solicita le crédito para la compra de comestibles, bebidas, lácteos, panificados y demás, con lo cual podrá llenar su negocio y ofrecerles a sus clientes.
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