San Cayetano Group
Fermina is one of the group's members. She spends her time trying to advance through her own effort and with the group's support. Fermina sells fruit and has a good client base. She is seeking this loan to buy fruit and maintain a good variety for resale.
The group is grateful for this opportunity and is forging ahead.
Fermina es una de estas mujeres, y conforme pasa el tiempo está saliendo adelante por medio de su esfuerzo y con la ayuda de su grupo. Fermina se dedica a la venta de frutas y ya tiene muy buena clientela. Solicita de este crédito para poder comprar frutas y tener una buena variedad.
El grupo está contento por la oportunidad que recibe y está saliendo adelante.
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