San Arnoldo Group
Maria is a hard-working individual who tells us that she works very early in the morning until very late at night. She has a well-stocked store that helps her support her family and cover the day-to-day costs.
She became a member of the Paraguayan Foundation to request a loan, which she will use to buy basic, everyday supplies to further stock up her store.
María es una mujer muy trabajadora, nos comenta que todos los días empieza a trabajar desde muy tempranas horas del día, y que siempre termina ya muy noche. Ella tiene una despensa bien surtida, la cual le ayuda a mantener a su familia y a cubrir los gastos del día a día.
Ella se ha acercado a la fundación paraguaya para solicitar un préstamo, el cual desea invertir en la compra de insumos de primera necesidad, con lo cual quiere surtir 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