Emprendedoras De Buena Vista Group
One of the group members is Remigia. She’s single and has four children. She’s been selling fruit and vegetables for several years. Remigia relates that she asked for financing to buy fruit and vegetables to sell to her customers. She’s very grateful for the opportunity she’s getting because the loan will be of great help for her.
Una de las integrantes del grupo es la Sra. Remigia ella tiene 4 hijos, es soltera y ella se dedica hace varios años a la venta de frutas y verduras. Cuenta la Sra. Remigia que solicita crédito para la compra de frutas y verduras para vender a sus clientes, ella se encuentra muy agradecida por la oportunidad que está recibiendo, pues le será de gran ayuda el crédito.
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