Santa Lucia 2 Group
Nancy is a member of this large group. She works every day in her business selling drinks. This has been her work for some time and she says that, thanks to this work, she has been able to support her family and provide them with a decent life.
Nancy is requesting this loan to buy wine, beer and other drinks so that she can stock her business.
Nancy es una de las integrantes de este numeroso grupo, ella trabaja todos los días en su local de venta de bebidas, este ha sido su trabajo desde hace ya un tiempo, y comenta que gracias a este trabajo ha podido mantener a su familia y darles una vida digna.
Ella solicita el crédito para la compra de cervezas, vinos, gaseosas y otras bebidas, con lo cual podrá abastecer su negocio.
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