Santa Catalina Group
Zulma is one of the members. She runs a book shop/stationery store where she sells a range of products. She began with one business but then through a lot of effort and hard work the business grew and she opened another store. Her goal is to be a successful businesswoman so she can help her family.
Zulma has approached the Paraguaya Foundation and Kiva to ask for a loan so she can buy notebooks, pencils and other stationery supplies. The loan would be a great help to her.
Zulma es una de las miembros del grupo, ella nos comenta que tiene una librería-mercería, donde vende todo tipo de productos. Comenta que solo empezó con uno de estos negocios, y que después, gracias a su esfuerzo y duro trabajo ha podido crecer e implementar el otro. Su deseo es poder ser una gran microempresaria para poder ayudar así a sus familiares.
Zulma acude a fundación paraguaya y kiva, para solicitar un crédito, el cual desea poder invertir en la compra de cuadernos, lápices y demás insumos de librería, lo cual le será de mucha ayuda
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