Santa Catalina Group
Yrene has a small grocery store where she also sells beverages and says that thanks to having a variety of products she always has a good customer base which has helped her business grow little by little. Yrene says that she stared her business with very little but thanks to her hard work she is growing steadily.
She needs a loan to buy beverages and items for her store like fruits, vegetables, basic household products and other items. All of the members of this group are happy for this opportunity to get ahead.
Yrene tiene una despensa y también se dedica a la venta de bebidas, cuenta que gracias a que tiene muy buena variedad de productos, siempre tiene buena clientela, y eso le ayuda a ir creciendo poco a poco. Ella cuenta que empezó con muy poco, pero que después gracias a su esfuerzo está creciendo poco a poco.
Ella solicita el crédito para poder invertirlo en la compra de bebidas y de productos para su despensa, como frutas, verduras, productos a granel y demás. Todas las miembros de este grupo están contentas por la oportunidad de progreso que reciben.
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