San Rafael 2 Group
One of the members is Nelly. She is a widow with three children. Nelly operates a food pantry, but her wish is to better stock her business so that she can generate more income for her family. The money she earns is not enough. Her goal is to continue growing so that she can help her family. The loan she is requesting will be used to buy beverages, dairy products, noodles, herbs, and other necessary items to restock her business. This will enable her to continue offering a good variety to her customers.
Una de las integrantes, Nelly es viuda, tiene 3 hijos, ella tiene una despensa pero que su deseo es poder surtir mejor su despensa y así poder generar más ingresos para su familia, ya que el dinero que gana no les alcanza. Su meta es seguir creciendo y de esa forma poder seguir ayudando a su familia.
Ella solicita el crédito para la compra de bebidas, lácteos, fideos, yerba y demás insumos necesarios para poder abastecer su negocio y de esa forma seguir ofreciendo 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