One of the members of this group is Silvia, who has a store in her house. She says that with a lot of sacrifice and effort she is getting ahead, and with her business she is helping to provide for her family.
Silvia states that she is requesting a loan to buy foodstuffs to stock up her store. She is very grateful, because thanks to this opportunity that she is receiving, she will be able to increase her income and that of her family.
Una de las integrantes del grupo es la Sra. Silvia, ella tiene una despensa en su casa, y cuenta que con mucho sacrificio y esfuerzo está saliendo adelante y con su negocio ayuda a su familia a salir adelante.
Cuenta la Sra. Silvia que solicita el crédito compra de comestibles para volver a surtir su despensa, ella se encuentra muy agradecida ya que gracias a esta oportunidad que recibe puede mejorar sus ingresos y el de su familia.
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