Virgen De Las Gracias 2 Group
Vilma is a member of this group, she has a small grocery store, this business helps her to get ahead in life and to provide for her family. Everyday she begins work very early in the morning and ends very late at night since she has a lot of customers and demand for her products.
Vilma needs this loan to buy vegetables, meats, beverages and other products to stock her small grocery store and to provide a good variety of merchandize which in turn will help her acquire new customers.
Vilma, quien es parte de este grupo, comenta que tiene una despensa, y que este negocio es el que la ayuda a seguir adelante y ayudar a su familia. Todos los días trabaja desde muy tempranas horas y termina muy tarde, ya que tiene mucha clientela y demanda.
Solicita de este crédito para la compra de verduras, carnes, bebidas y demás productos para poder surtir su local y dar así una buena variedad a sus clientes, lo cual le ayudará a tener más clientes nuevos.
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