Las Perlas Del Sur Group
Francisca is a member of this group. She sells vegetables, as well as homegrown peas and beans and home raised chicken and their eggs. Francisca told us that the loan she is requesting to Fundación Parguaya will be used to buy different kinds of vegetables, in order to continue offering good quality products to her customers. She is grateful for the support she is receiving because it will be of great help for her.
Una de las integrantes del grupo es la Sra. Francisca ella se dedica a la venta de verduras en general y también a la venta de arvejas, porotos, huevos caseros y gallina casera. Cuenta la Sra. Francisca que el crédito que solicita de la fundación lo utilizará para la compra de verduras de todo tipo, para que de esa forma siga dándoles una buena variedad a sus clientes. Ella esta agradecida por el apoyo que está recibiendo, pues le será de mucha ayuda.
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