Santa Rita Group
Dora sells food. She’s married to Julio and they have six children living with her. She asked for the loan to buy meat, vegetables, eggs, bread, etc. to continue making the food she sells. Dora’s goal is to gradually expand her business to increase sale of other things.
La Sra. Dora se dedica a la venta de comestibles, está casada con el señor Julio, tienen 6 hijos, que viven con ella. Ella solicitó el crédito para la compra de carne, verduras, huevo, pan, etc., con lo cual podrá seguir haciendo las comidas que vende. Dora tiene como meta ir agrandando su negocio, para ir ampliando más la venta de otras cosas.
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