Santa Teresita Group
Geronima is part of this group. She says that selling chickens has helped her family acquire sufficient income to get ahead. Her goal is to continue growing as a micro-entrepreneur and helping her family.
Geronima is requesting a loan so that she can buy more chickens. This will allow her to continue working and helping her family.
Geronima forma parte del grupo, y ella nos comenta que por medio de la venta de pollos ha ayudado a su familia a que puedan tener los medios suficientes para salir adelante. Su meta es poder seguir creciendo como microempresaria y seguir ayudando a su familia.
Solicita el crédito para la compra de pollos, con lo cual podrá comprar más pollos y de esa forma seguir trabajando y ayudando a su familia.
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