San Roque Group
They are renewing their commitment to being responsible and working together to get ahead. Also, they are committed to increasing their household incomes. One of the members is Digna, who has a store and is requesting a loan to invest in the purchase of products for her store, such as tea, rice, cooking oil, milk, and other products.
Están renovando con el compromiso de continuar con la responsabilidad de siempre y trabajar en conjunto para salir adelante, además mejorar el ingreso de la familia. Una de ellas es Digna, quien tiene una despensa y solicita este crédito para invertirlo en la compra de insumos para su despensa, como ser yerba, arroz, aceite, leche y demás.
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