La Fe Group
One of the members of the group is Zunilda. She sells beverages in general quite successfully in her neighborhood. She comments that weekends is when she has the most sales and that she does very well in the business.
She wants to have the business well stocked which is why she’s asking for the loan to buy beverages to continue having the business well stocked.
Una de las integrantes del grupo es la Sra. Zunilda, ella se dedica a la venta de bebidas en general en forma muy exitosa en su barrio. Comenta que los fines de semana es cuando tiene más ventas y le va muy bien en el negocio.
Ella quiere poder tener bien surtido su negocio y es por ello que solicita el crédito, para la compra de bebidas, con lo que podrá seguir teniendo bien surtido su negocio.
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