San Juan Group
Maria is one of the members. She sells all types of clothing; the income helps her support her family and provide for their daily needs. She says she is a hardworking, enterprising person whose wish is to continue making progress.
Maria is seeking a loan to buy more clothing so that she will be able to offer her customers a greater variety. She and the other members of the group are grateful to the Foundation and to Kiva for the help they are receiving.
Maria es una de las miembros, ella se dedica a la venta de todo tipo de prendas, con lo cual puede tener los medios necesarios para poder ayudar a su familia, y darles para el día a día. Ella se define como una persona muy trabajadora y luchadora, y su deseo es poder seguir creciendo.
Ella solicita el crédito para la compra de prendas, con lo cual podrá tener una buena variedad que poder ofrecer a sus clientes. Ella y su grupo agradece a la fundación y a kiva por la ayuda que están recibiendo.
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