Virgen Del Lujan Group
Mrs. Petrona is the president of the group and tells us that she does everything possible to motivate her friends and to keep improving within the program. She needs to buy food for her pantry and says that through her business she has been able to get ahead, help her family and have enough to meet her day to day expenses.
Mrs. Petrona needs the loan to buy foodstuffs, beverages, dairy and other products needed to keep her small store well stocked.
La señora Petrona es la presidenta del grupo, ella nos cuenta que hace todo lo posible para motivar siempre a sus amigas y de esa forma ir progresando dentro del programa. Ella tiene una despensa y comenta que por medio de este negocio ha podido salir adelante y ayudar a su familia y obtener los gastos del día a día.
Ella solicita el crédito para la compra de comestibles, bebidas, lácteos y demás insumos necesarios para poder seguir teniendo bien abastecido su local.
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