Maria Auxiliadora Group
Norma is the group’s president and she says that her friends are very happy to be part of the committee, and that the training sessions have helped them to learn how to manage in a good way the loans they receive in each cycle.
She says that she has a grocery store at her house, which helps her support her family. She is requesting this loan in order to buy supplies for her store, like yerba [mate], meat, noodles, oil, rice, and coal, among other highly demanded supplies.
Norma es la presidenta, y cuenta que sus amigas están muy contentas por formar el comité, ya que les ha ayudado mucho, las capacitaciones que reciben les ayuda a poder administrar bien los créditos que reciben en cada ciclo. Ella dice que tiene una despensa en su casa, y que por medio de este trabajo ayuda a su familia, y solicita este préstamo para la compra de insumos para su despensa, como ser yerba, carne, fideos, aceite, arroz, carbón y demás, ya que son los que mas vende.
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