Santa Librada Group
Digna is the group president. She says that she sells all types of sweets that she prepares herself. Digna defines herself as a hardworking person who strives for her family because she wants them to have everything that she was not able to have. She is requesting a loan in order to buy supplies for making sweets that she will sell. This will enable her to continue working.
Digna es la presidenta del grupo, y nos comenta que se dedica a la venta de todo tipo de dulces, los cuales ella misma hace. Ella se define a si misma como una persona muy trabajadora, que lucha por su familia, ya que quiere darles todo lo que ella no pudo tener.
Solicita el crédito para la compra de materias primas para hacer los dulces que vende, y de esa forma poder seguir trabajando.
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