San Pablo Group
Carmen is the treasurer and she has a small pub where she sells all sorts of things. She makes many sales and always has a good selection but wants to be able to grow her business and continue providing good service to her customers.
She is asking for this loan to buy snacks and drinks for her pub. She is grateful for the help she and her friends from the group receive. They are committed to keeping the group together and continuing to work.
La señora Carmen es la tesorera del comité, ella cuenta con una pequeña cantina en la cual vende todo tipo de cosas, tiene mucha venta ya que siempre tiene muy bien surtida su cantina. Quiere poder agrandar su negocio y así seguir dando un buen servicio a sus clientes.
Pide este crédito para la compra de golosinas y bebidas para surtir su cantina. Agradece por la ayuda que ella y sus amigas del grupo reciben, y se comprometen a mantener el grupo unido y seguir trabajando.
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