San Antonio Group
One of the members of the group is Dominga who sells milk in her neighborhood. She is someone with great dreams and aspirations, who works hard to leave the bad behind in order to get ahead. She is requesting a loan to buy milk so she can continue attending to her customers.
Miembro de este grupo es la Sra. Dominga quien vende leche en su barrio, es una persona con grandes sueños y aspiraciones, que se esfuerza por dejar atrás todo lo malo y salir adelante. Ella solicita el crédito para la compra de leche, y así seguir atendiendo a 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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Success!! The loan was 100% repaid