Espiritu Santo Group
The "Espiritu Santo" communal bank is made up of 12 women, all of whom are head of households who strive to give their children everything they can so that they can get a good education.
Daisy is requesting a loan to buy hair spray, gel, scissors and other supplies that she will use to continue to provide good service to her customers.
El grupo Espiritu Santo tiene 12 mujeres, donde todas ellas son jefas de familia, que desean luchar por los suyos y dar a sus hijos todo lo que pueden para una buena educación.
La Sra. Daisy solicita este crédito para la compra de spray, gel, tijeras, y otros insumos que ella va a usar para seguir dando un buen servicio 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