Santa Rita Group
One of the members, Mirtha, has had a grocery store for some years that helps with her household costs. Her business is in her home which is helpful. She says that she started with a very small business, and thanks to her sacrifice it has grown.
Mirtha asks for a loan to buy general goods like noodles, yerba, sugar, rice and other things. They are happy to be part of the women's committee program.
Una de las integrantes del grupo es la Sra. Mirtha, ella tiene una despensa hace varios años, con lo cual ayuda con los gastos de su casa. Su negocio está en su propia casa lo que le ayuda mucho, comenta que empezó con un negocio muy pequeño, y que después gracias a su sacrificio ha ido creciendo.
Cuenta la Sra. Mirtha que solicita el crédito para la compra de comestibles en general, como ser fideos, yerba, azúcar, arroz y demás. Ellas están contentas por formar parte del programa de comité de mujeres.
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