San Antonio Group
The group president, Ilda, lives with her husband and children. She sells all types of food, soft-drinks, etc. She has a bar and together with her fellow members carries out constant activities to encourage teamwork among them and to try to pay their installments ahead of time.
She asked for the loan to buy soft-drinks, snacks and other supplies to stock up and meet customer demand.
La presidenta, la señora Ilda vive con su marido e hijos, ella se dedica a la venta de todo tipo de comestible, gaseosas, etc. Ella tiene una cantina y junto con sus compañeras realizan constantes actividades y de ese modo fomentar la integración entre ellas y tratar de adelantar sus cuotas.
Ella solicita el crédito para la compra de gaseosas, golosinas y demás insumos con los cuales podrá abastecerse y cumplir con 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