San Cayetano Group
Crisolina is the president, and a member of the group, and she has a small snack shop where she sells foods, drinks, candies and more. She says that she began with a small business and thanks to sacrifice and daily hard work she has been able to grow her business and continue to improve it. She is asking for a loan to purchase candies and drinks in order to stock her business and be able to continue to work in this line of work.
Crisolina es la presidenta y miembro del grupo, quien tiene un pequeño copetín donde vende alimentos, bebidas, golosinas y demás. Comenta que empezó con un pequeño negocio, y gracias a su sacrificio y trabajo diario ha podido ir creciendo y mejorando. Ella solicita el crédito para la compra de golosinas, y bebidas, para poder surtir su negocio y seguir de esa forma 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