One of them is Apolinaria who says that she works selling milk. She starts work very early in the morning in order to provide her customers with a product they need on their tables for breakfast. She’s requesting the loan to buy milk to stock up and continue filling customer orders.
Una de estas mujeres es la señora Apolinaria, quien cuenta que se dedica a la venta de leche, trabaja en esto desde muy tempranas horas del día para poder poner en la mesa de sus clientes el producto para el desayuno.
Ella solicita el crédito para la compra de leche, para poder surtirse y de esa forma seguir cumpliendo con los pedidos de 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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