San Pedro Group
Graciela, for example, works with crafts together with one of the committee members. She also sells clothes in her neighborhood. Everyone knows her as a good person who helps others.
She is asking for the loan to buy clothing, in order to have stock. This way, she can keep selling and growing as a merchant. She is thankful to the foundation and to Kiva for the help that she is receiving.
La señora Graciela como ejemplo trabaja en manualidades en conjunto con las integrantes del comité también se dedica a la venta de ropa en su barrio, todos la conocen por buena persona que es y que ayuda a su prójimo.
Ella solicita el crédito para la compra de prendas, con lo cual podrá surtirse y de esa forma poder seguir vendiendo y creciendo como comerciante. Agradece a la fundación y a kiva por la ayuda que están recibiendo.
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