San Blás Group
Basilisa is one of these women who saw the communal bank program as a great source of help. She also receives training and it helps her to make better use of her loans.
She is a businessperson, as she has a small grocery store, well stocked with basic household necessities. It is precisely in order to stock her shop that she is requesting this loan, as she wants to buy sugar, flour, cooking oils, baked goods and other supplies so that she can stock her business well.
Basilisa and her co-members are grateful for the opportunity that they are receiving, as the loan will be very useful in their businesses.
Basilisa es una de estas mujeres, que vio en el programa de comité una gran ayuda, pues también recibe capacitaciones y le ayuda a poder usar mejor sus créditos. Ella se dedica al comercio, ya que tiene una despensita bien surtida, con los artículos de primera necesidad, y es justamente para abastecer su negocio que solicita este préstamo, ya que quiere comprar azúcar, harina, aceites, panificados y otros insumos para poder abastecer bien su negocio.
Basilisa y sus compañeras agradecen por esta oportunidad que están recibiendo, pues les será muy útil el crédito en sus negocios.
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