Jose Antonio Group
One of the women, Ilda, is the president of the group. She has a small, well-stocked store with all types of products. She says that she works hard to help her own, and also tries to help her partners in the group to get ahead.
Ilda asks for this loan to be able to invest in the purchase of cookies, juices, sodas, snacks and other things so that she can have her store stocked well and continue her sales.
Una de estas mujeres es la Sra. Ilda, quien es la presidenta, tiene una pequeña cantina bien surtida con todo tipo de productos. Ella cuenta que se esfuerza mucho por ayudar a los suyos, y que también trata de ayudar a sus compañeras del grupo a salir adelante.
Ilda solicita de este crédito para poder invertirlo en la compra de galletitas, jugos, gaseosas, golosinas y demás, para poder tener bien surtida su cantina, 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