Mujeres Alegres Group
One of the members of this group is Salustiana who has six children and lives with Francisco. She has been selling farm supplies for a number of years. Salustina says that she will use the loan she has requested to buy seeds and supplies so that she can continue offering her customers everything they need for their farm work.
Una de las integrantes del grupo es la Sra. Salustiana ella tiene 6 hijos está acompañada con el Sr. Francisco y ella se dedica hace varios años venta de productos agropecuarios. Cuenta la Sra. Salustiana que el crédito que solicita es para utilizarlo en la compra de semillas e insumos, para que así pueda seguir dando a sus clientes todo lo que necesitan para usar en sus campos.
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