San Juan Group
One of the group members is Irma. She is married to Jorge and has two children. For several years she has raised chickens and sold agricultural supplies. Irma says that she wants to use the loan she is requesting to buy agricultural supplies. This will enable her to have a better variety for her customers.
Irma comments that like her, the other members of the group put all of themselves into their businesses, so that they can grow and learn. Thanks to this they are helping their families.
Una de las integrantes del grupo es la Irma, ella tiene 2 hijos está casada con el Sr. Jorge. Ella se dedica hace varios años a la cría de pollos y productos Agropecuarios. Cuenta la Sra. Irma que el crédito que solicita, lo quiere usar para la compra de insumos agropecuarios para poder tener una mejor variedad para sus clientes.
Irma cometa que al igual que ella, las demás miembros del grupo ponen todo de sí para crecer y aprender, ya que gracias a esto están ayudando a sus familias
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