San Lorenzo Group
One of the occupations that Brigida, 43 years old, does every day is to sell medicinal herbs, which she sells every day from very early in the morning. Without a doubt, she is a woman with aspirations and the desire to get ahead through hard work and effort.
She is requesting a loan to buy natural remedies so that she can stock up and have a greater variety to offer to her customers. Brigida says she is grateful to be part of the Foundation’s program because it has been of much help to her.
Una de las ocupaciones que hace diariamente la Sra.Brigida de 43años de edad es la venta de remedios yuyos (Hierbas medicinales) las cuales vende todos los días desde muy tempranas horas del dia. Sin duda es una señora con aspiraciones y deseo de salir adelante por medio de su trabajo y esfuerzo.
Ella solicita el crédito para la compra de remedios naturales, con los cuales podrá abastecerse y tener mayor variedad para poder ofrecer a sus clientes. Brigida dice estar agradecida por formar parte del programa de la fundación, pues le ha sido de mucha ayuda.
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