San Ramon Group
María is one of the members. She says she works selling natural remedies, or herbal remedies. She says her job requires a lot of work because she has to travel around to sell her products and it is very tiring. She is incredibly thankful for the opportunity provided by the loan institution, because many other institutions would not offer this help. She is asking for a loan to buy herbal remedies in bulk, so that she can be well-stocked and have a greater variety of products.
María es una de las miembros, ella nos comenta que se dedica a la venta de remedios naturales, es decir de yuyos, ella comenta que es muy sacrificado su trabajo, ya que ella recorre para venderlos y eso es muy agotador. Esta sumamente agradecida con la fundación por la oportunidad que le da, pues no muchas instituciones se la darían.
Ella solicita el crédito para la compra de remedios yuyos en cantidad, para que de esa forma pueda estar abastecida y tener más variedad de especias.
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