Po Joayu Group
Lidia sells vegetables, has done this for a while, she is a person that works hard to get ahead and with this work she helps her family. She requests a loan to buy vegetables and be able to have good products to offer good quality to her clients.
Lidia vende verduras, y se dedica a esto hace ya un tiempito, es una persona que se esfuerza mucho por salir adelante y con este trabajo ayuda a su familia. Solicita este crédito para la compra de verduras y así seguir teniendo buenos productos que poder ofrecer buena calidad a sus clientes.
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