Virgen De Guadalupe Group
Miguela is one of the members: she engages in selling soft drinks and she also has a volleyball court in her yard. Miguela has told us that thanks to her group and to the foundation’s help she is progressing in life and her condition has greatly improved.
She is requesting a loan to buy soft drinks to supply her shop, thus keeping on serving her customers.
Una de ellas es la Sra. Miguela quien se dedica a la venta de bebidas y también tiene una cancha de vóley en su casa. La Sra. Miguela nos cuenta que gracias a su grupo y a la ayuda de la fundación está saliendo adelante y ha mejorado mucho.
Ella solicita el crédito para la compra de bebidas, con lo cual podrá surtir su negocio y seguir abasteciendo a sus clientes.
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