San Francisco Group
One of the members, María, is a traveling saleswoman selling vegetables such as lettuce, tomatoes, pumpkin, carrots, etc. In order to obtain her produce, María goes to the market very early so she can pick the best quality and best priced vegetables so she can later sell them to her regular clients.
The requested loan would allow her to purchase larger quantities of better quality vegetables so she can increase her revenues.
Una de las integrantes la señora María se dedica a la venta de verduras como lechuga, tomate, zapallo, zanahoria, etc de forma ambulante. Para obtener los productos la señora va a tempranas horas al mercado al elegir los de mejor calidad y buen precio para luego venderlos a sus clientes fijos.
El crédito solicitado sería para comprar mayor cantidad de verduras y de mejor calidad para generar mayor cantidad de ingresos.
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