San Vicente Group
Maria is a member of this group. She engages in selling sheets, oranges and molasses. She says that thanks to the loan she has received she has been able to improve her activity as well as her standard of living and her economic income. For this reason she is asking Kiva and Fundación Paraguaya for their support: she will buy sheets and oranges so that she will be able to keep on working and supporting her family.
La Sra. Maria es parte de este grupo, se dedica a la venta de sábanas, naranjas y miel de caña de azúcar, esto gracias al crédito que se le otorgó, nos comenta que mediante el crédito pudo mejorar su actividad y su nivel de vida e ingreso económico, es por ello que solicita la ayuda de kiva y fundación paraguaya para la compra de sabanas y naranjas, para que así pueda 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