Medalla Milagrosa Group
One of the members of the group is Maria, who has a small store. Her wish is for the members of the group to help each other, so that as time goes by, they can improve their and their families’ lives and find better futures. She is requesting this loan to buy products for her business, such as noodles, sugar, bread, candies and various other items that are necessary for setting up a small store.
La Sra. Maria es una de las integrantes, quien tiene su pequeña despensa, quiere que conforme pase el tiempo, y por medio de la ayuda de sus compañeras puedan ir mejorando sus vidas y las de sus familias, también poder procurar para ellos un mejor futuro.
Solicita de este crédito para la compra de productos para su negocio, como ser fideos, azucares, panes, golosinas y articulos varios que son de primera necesidad para montar un pequeño almacén de consumo.
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