San Blas Group
Nidia, one of the members, reports that being part of the group has enabled her to get ahead and grow her business. Nidia works in a liquor store, and she has been very fortunate to have good sales, especially during the weekends. She tells us that the work that she does is to help her family and give them everything that they need.
She is asking for this loan in order to buy drinks such as wine, whisky, sodas and more, as these are the items she sells most and stocking her store will enable her to continue to help her family.
Nidia es parte de este grupo, ella cuenta que formar parte del programa la ha ayudado mucho a salir adelante y crecer. Nidia se dedica a la venta de bebidas de todo tipo, y cuenta que siempre tiene muchas ventas, en especial los fines de semana. Comenta que el esfuerzo que hace es por ayudar a su familia y darles todo lo que necesitan y evitar que pasen por necesidades.
Ella solicita este crédito para invertirlo en la compra de bebidas en general, como ser vinos, whiskys, gaseosas y demás, ya que son los que más vende y la ayuda a tener los medios para seguir ayudando a su familia.
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