San Antonio Group
Maria has a small shop in her house where she sells cleaning products and personal hygiene products, as well as baked goods, dairy products and soft drinks. The loan she is requesting would be to increase the amount of products that she can offer at a better quality and price.
la señora María tiene una pequeña despensa en su casa donde ofrece productos de limpieza, higiene persona, también panificados, lácteos y gaseosas.
El crédito solicitado sería para aumentar la cantidad de productos que ella podrá ofrecer a un mejor precio y calidad.
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