Virgen De Santa Ines Group
They are in the second cycle with 14 members each with her respective productive activity. They are united and mutually supportive.
María belongs to this group and she tells us that she sells fruit, clothes and also Avon products. She is a very hardworking person who does not waste time which is why she does so many different things in order to help her family cover daily needs.
She asked for the loan to buy fruit like bananas, oranges, apples and others to continue selling and have a good variety available for her customers.
Maria pertenece a este grupo y ella nos comenta que se dedica a la venta de frutas, ropas, y también productos Avon. Ella es una persona muy trabajadora y no pierde su tiempo, es por ello que se dedica a varias cosas, con lo cual puede ayudar a su familia a cubrir el día a día.
Ella solicita el crédito para la compra de frutas, como ser bananas, naranjas, manzanas y demás, con lo cual podrá seguir vendiendo y teniendo buena variedad que ofrecer a sus 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