San Jose Group
Benicia is an example of their struggle. Every day she begins work very early in the morning in her little store. She comments that starting with very little, her business is growing and aggrandizing and it helps a lot to always have what her customers need.
Benicia is requesting a loan to buy vegetables, fruit, groceries, drinks, and other products in order to re-stock her store.
Benicia es un ejemplo de lucha, ya que ella todos los días empieza a trabajar desde muy tempranas horas en su pequeña despensa. Comenta que de a poco está creciendo y agrandando su negocio y le ayuda mucho que siempre tiene todo lo que sus clientes necesitan.
Benicia solicita de este crédito para la compra de verduras, frutas, comestibles, bebidas y otros productos para tener bien surtido su local.
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