Santa Lucia Group
Magdalena is one of the group members. She works preparing food and she comments that thanks to this job, she has been able to help her family and provide for their daily needs. She describes herself as a hard-working and enterprising person who doesn't fear any work or challenge. She requests the loan to purchase meat, condiments, seasonings, bread and the other supplies that she needs in order to continue making the food she sells.
Magdalena es una de las miembros del grupo, ella se dedica a la elaboración de alimentos, y comenta que gracias a este trabajo ha podido ayudar a su familia y darles lo que necesitan para su día a día. Ella se define como una persona muy trabajadora y emprendedora que no tiene miedo a ningún trabajo ni desafío.
Ella solicita el crédito para la compra de carnes, condimentos, aderezos, condimentos, panificados y demás insumos que necesite para poder seguir haciendo las comidas que vende.
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