San Blas Group
Blanca is one of the group members. She sells milk all throughout her neighbourhood and tells us that she has steady and loyal customers who always buy their milk from her. Blanca starts her working day very early as the milk has to be on her customers' tables by breakfast time. She tells us that her job requires a great sacrifice, but she likes it because it is decent and honest work.
Blanca is applying for a loan to buy enough milk to meet customer demand. She is thankful to the foundation and to Kiva for the opportunity they have given her.
Una de las miembros es Blanca, quien vende Leche por todo su vecindario. Ella comenta que ya tiene una clientela fiel formada, que siempre compran de ella el producto que vende. Empieza su jornada de trabajo desde muy temprano, pues la leche debe estar en las mesas de sus clientes para el desayuno. Es un trabajo muy sacrificado, dice, pero le gusta, pues es digno y honesto.
Ella solicita el crédito para la compra de leche, y de esa forma tener un buen stock para cumplir con sus clientes. Agradece a la fundación y a Kiva por la oportunidad que estas le dan.
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