Santa Isabel Group
Felicita is one of the members of the group. She has been selling ice cream for some time. She notes that she started with a small stand, but over time and thanks to her hard work, she has succeeded in increasing and improving her premises. Her dream is to keep her business growing, and for this reason, she is seeking a loan to buy ice cream so that she can increase her stock, since it is now the hot season, and she has lots of clients.
Unas de las miembros de este trabajador grupo es la señora Felicita, quien trabaja en la venta de helados, desde hace ya un tiempo. Ella comenta que empezó con un pequeña venta, pero que luego, con el correr del tiempo y gracias a su trabajo ha podido crecer y mejorar su local.
Su meta es poder seguir creciendo con su trabajo y en miras a ello es que solicita el crédito, para la compra de helados, con lo que abastecerá su stock, ya que es época de calor y tiene muchos clientes.
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