Medalla Milagrosa Group
One of the members of the group is Gertrudis, who, with great effort, is getting ahead and helping her family by selling garments. She is requesting the loan in order to be able to buy shirts, shorts, sleeveless shirts, and other summer garments, since it is getting warmer. She wants to be able to offer a wide variety to her customers.
They are all content to be part of the group as it is helping them a lot.
Una de las miembros del grupo es la Sra. Gertrudis, quien con mucho esfuerzo está saliendo adelante y ayuda a su familia por medio de su trabajo que es la venta de prendas. Ella solicita el crédito para poder comprar camisas, shorts, camisillas, y demás prendas de verano, ya que se acerca el calor y quiere poder dar buena variedad a sus clientes.
Todas ellas están contentas por formar parte del grupo, ya que les está ayudando mucho el comité.
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