Santa Librada Group
One of the members of this group, Jorgelina, lives with Fulgencio who works for a company that produces yerba mate. The couple have two children. Jorgelina's business is selling clothing and she uses the income that she makes to help her husband with their household expenses. She joined her neighborhood committee so that, with Fundación Paraguaya's help, she could get ahead and make progress in her business.
Jorgelina is requesting this loan to buy clothing which she will use to stock her business. In this way, she will be able to meet her customers' demand. Both Jorgelina and the other members of her group are grateful to Fundación Paraguaya for the help that they are receiving.
Una de las integrantes, Jorgelina, está acompañada con Fulgencio que trabaja en una yerbatera, tienen 2 hijos. Jorgelina se dedica a la venta de ropa y con los ingresos que ella tiene ayuda a su marido en los gastos de su hogar, se integro al comité de su barrio para que con la ayuda que le brinda la Fundación Paraguaya pueda salir adelante y progresar con su negocio.
Ells solicita el crédito para la compra de prendas, con las cuales podrá abastecerse y de esa forma poder cumplir la demanda de sus clientes. Ella, como el grupo, agradecen a la fundación 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