Virgen Del Carmen Group
Elva is the president of the group and tells us that she has always struggled for everything that she has. She knows that her work will help her family. She sells fruits and vegetables and says that she has great customers because she always offers a variety of products.
Elva is seeking this loan so that she can purchase tomatoes, onions, green pepper, lettuce, and other fruits and vegetables so that she can continue offering her customers the variety of produce that they are used to buying from her.
Elva es la presidenta del grupo, y nos dice que ella siempre se esfuerza en lo que hace, pues sabe que por medio de su trabajo ayuda a su familia. Ella se dedica a la venta de frutas y verduras, y comenta que ya tiene una buena clientela porque siempre ofrece buena variedad a sus clientes.
Elva solicita el crédito para la compra de tomates, cebollas, locotes, lechugas y demás frutas y verduras para poder seguir ofreciendo a sus clientes la variedad a que están acostumbrados.
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