Santa Catalina Group
Manuela is one of the members of this group. She has a well-stocked grocery store where she provides goods to most of her neighbors and people in neighboring areas. She says that her business is doing very well because it is always very well stocked. For this reason, she has a very good customer base which helps her to keep her business running.
Manuela is requesting this loan to buy dairy products, drinks, baked goods, sugar, noodles and other supplies she needs to stock her business.
Manuela es una de las miembros del grupo, ella tiene una despensa bien abastecida con la cual provee a la mayoría de sus vecinos y los demás de las zonas aledañas. Comenta que le va muy bien debido a que siempre está muy bien abastecida y es por ello que ya tiene una muy buena clientela, lo que la ayuda a mantener su negocio.
Ella solicita el crédito para la compra de lácteos, bebidas, panificados, azúcar, fideos y demás insumos necesarios para seguir abasteciendo 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