San Jose Group
Sra. Ermelinda sells cleaning products and says that her business has improved her family's finances. Ermelinda is blind, but she is able to sell and help improve the financial situation at home. She is also able to provide an education for her son. Sra. Ermelinda is requesting a loan to buy cleaning products to sell. This will allow her to continue helping her family and to continue feeling useful.
La Sra. Ermelinda se dedica a la venta de productos de limpieza, nos comenta que mediante este negocio la economía de la familia mejoró bastante ya que ella es ciega y con su venta logró mejorar la economía de su casa y también hacer estudiar a su hijo.
La Sra. Ermelinda Solicita el crédito para la compra de productos de limpieza para la venta y de esa forma poder seguir ayudando a su familia y seguir sintiéndose útil.
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