Milagros 1 Group
One of the members of this group is Gregoria, who has two children with Agustin. She says that she has had a grocery store in her home for several years, with which she serves her neighborhood. Gregoria says that she started with a small business, but later, thanks to her work and effort, she managed to grow her business and get to where she is today.
She has applied for this loan to buy staple goods for her grocery store, such as milk, vegetables, meat, cassava, fruit, canned goods, and other items. She always wants to have good products to offer to her clients and to continue with her business.
una de las integrantes del grupo es la Sra. Gregoria quien tiene 2 hijos con el Señor Agustin, cuenta que hace varios años que tiene una despensa en su casa con la cual surte a su barrio. Comenta Gregoria que empezó con un pequeño negocio, pero que después, gracias al trabajo que hace y a su esfuerzo ha podido crecer y llegar a donde este hoy.
Ella solicita del crédito para la compra de insumos de primera necesidad para su despensa, como ser leche, verduras, carnes, mandioca, frutas, enlatados y demás, ya que quiere tener siempre buenos productos para ofrecer a sus clientes y seguir con su negocio.
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