“Santa Marta” was formed in 2008 and are in cycle #16. This is an excellent group thanks to the mutually supportive work they do continuing to work with the program to date. Gisel is group president. She sells all types of clothes. She has worked hard and thanks to this has gotten ahead. Her fellow members also support her and together they are all getting ahead. She’s requesting the loan to buy clothes like t-shirts, pants, shirts and others.
Santa Marta se conformo desde el año 2008, están en su ciclo numero 16. Es un excelente grupo que gracias al trabajo solidario realizado continúan trabajando con el programa hasta estos días.
Grisel es la presidenta de este grupo, ella vende prendas de todo tipo. Ha trabajo duro y gracias a eso está saliendo adelante. Sus compañeras también la apoyan y todas juntas están saliendo adelante.
Ella solicita el crédito para la compra de prendas como ser remeras, pantalones, camisas y demás.
About Fundación Paraguaya
Fundación 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.