San Miguel Group
Inés is group president. She defines herself as a person who always strives to get ahead and give her family everything they need. She sells natural remedies, that is, herbal products. She is very proud of what she does because it’s dignified, honest work. She’s requesting the loan to buy natural remedies to resell and be able to stay in business earning her daily bread.
Ines es la presidenta del grupo, ella se define como una persona que siempre se esfuerza por salir adelante y dar todo lo que su familia necesita. Se dedica a la venta de remedios naturales, es decir remedios yuyos. Esta muy orgullosa de lo que hace ya es un trabajo digno y honesto.
Ella solicita el crédito para la compra de remedios naturales para revenderlos y de esa forma poder seguir trabajando y ganándose el pan de cada día.
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