San Blás Group
One of the members is María who tells us that she is a vegetable merchant. She sells onions, tomatoes, peppers, pumpkins and other types of vegetables. She relates that she herself is the seller and with much effort is able to help her family cover daily expenses that arise.
She is asking Fundación Paraguaya and Kiva for help to be able to buy tomatoes, peppers, onions, leafy green vegetables and other types of vegetables to stock up and have products available to offer her customers.
Una de las integrantes del grupo es la señora Maria, quien nos cuenta que se dedica a la venta de verduras, como ser cebollas, tomates, locotes, zapallos y demás tipos de verduras. Cuenta que ella misma se encarga de las ventas y de esa forma y con mucho esfuerzo puede ayudar a su familia y cubrir los gastos que día a día surgen.
Ella solicita la ayuda de la fundación paraguaya y de kiva para poder comprar tomates, locotes, cebollas, hortalizas y demás tipos de verduras con las cuales podrá abastecerse y de esa forma tener productos para ofrecer 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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