Santa Rita Group
Irene, one of the members, has a modest store where she tirelessly works every day to be able to help her family. She tells us that she would like to one day have a larger business where she can invest more money and have more products to offer her clients.
She requests this loan to be able to invest it in buying drinks, dairy products, vegetables, meats and more to be able to supply her business and continue with her sales.
Irene, una de las miembros, tiene una modesta despensa en la que trabaja todos los días incansablemente para poder ayudar a sus familia. Cuenta que quiere tener algún día un negocio más grande donde pueda invertir más dinero y tener mayores productos que ofrecer a sus clientes.
Solicita de este crédito para poder invertirlo en la compra de bebidas, lácteos, verduras, hortalizas, carnes y demás insumos para poder surtir su negocio y seguir con sus ventas.
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