Santa Rosa Group
Celia is a member of the group. She tells us that she starts work in her grocery store very early. She tends to the customers, and she also arranges the products that she has. She tells us that she started with a little business. However, thanks to her effort, sacrifice, and work she has been able to grow and improve her business.
She comes to the Fundación to ask for some help. She wants a loan to buy groceries, drinks, canned goods, vegetables, and more. With this purchase she will be able to give her customers a good variety.
La Sra. Celia es miembro del grupo y nos cuenta que trabaja desde muy temprano en su despensa, atendiendo a los clientes y también cargando los productos que tiene. Nos comenta que empezó con un pequeño negocio, pero que gracias a su esfuerzo, sacrificio y trabajo ha podido ir creciendo y mejorando su negocio.
Ella se acerca hasta la fundación para pedir una ayuda, ya que quiere un préstamo para invertirlo en la compra de comestibles, bebidas, enlatados, verduras, hortalizas y demás, con lo cual podrá dar una buena variedad 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