Santa Lucia Group
We can talk about María who has four children three of which are already employed and help her quite a bit. She relates that she has quite a complete grocery store where she supplies her neighbors with everything necessary. Her goal is to be able to continue growing and continue generating some income this way. She leads a group of women in activities in the neighborhood chapel; she is very active and responsible.
She’s asking for the loan to buy basic staple items like dairy products, baked goods, meats and others. She is grateful for the opportunity the Fundación and Kiva are giving her.
Podemos hablar de la Sra. María, tiene cuatro hijos de los cuales tres ya están trabajando y la ayudan bastante. Ella cuenta que tiene una despensa bien completa, donde surte a sus vecinos con todo lo necesario. Su meta es poder seguir creciendo y de esa forma poder seguir ganando un poco de ingresos. La Sra dirige a un grupo de señoras en las actividades de la capilla en su barrio es muy activa y responsable.
Ella solicita el crédito para la compra de insumos de primera necesidad, como ser lácteos, panificados, carnes y demás. Agradece por la oportunidad que la fundación y kiva les está dando.
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