San Vicente Group
Justa sells milk, sheets and chickens. She comments that she works every day starting very early and thanks to her effort and sacrifice has been able to help her family and give them what they need.
She asks for the loan to buy milk and sheets to have stock available of what she sells and meet day to day customer demand.
La Sra. Justa se dedica a la venta de leche, sábanas y gallinas, nos comenta que trabaja desde muy temprano todos los días, y que gracias a su arduo esfuerzo y sacrificio ha podido ayudar a su familia y darles lo que necesitan.
Ella solicita el crédito para la compra de leche y sabanas, con lo que podrá tener en stock los productos que vende y de esa forma poder cubrir la demanda de sus clientes de día a día.
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