Mujeres Unidas Group
Maria is one of the group members. She is married, and tells us that she and her husband support their two children, who are the reason why they both work very hard. She is very satisfied with her business, and with the training that the group receives.
She is applying for the loan, because she wishes to supply her grocery store, as she doesn't want to lose any customers. She wishes to buy dairy products, baked goods, vegetables, fruit, and other basic household products. The group is very happy about the help they receive.
La Señora Maria es una de las integrantes del comité, ella es casada, y nos comenta que ella junto con su marido mantienen a sus dos hijos, quienes son la razón de lucha de ambos. Se encuentra muy satisfecha con su actividad y las capacitaciones que recibe el grupo.
Ella solicita el crédito, ya que desea poder surtir su despensa, pues no quiere perder a ningún cliente. Desea comprar lácteos, panificados, verduras frutas y demás productos de primera necesidad. El grupo está muy contento por la ayuda que reciben.
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