Cristo Rey Group
Dominga, one of the members, works hard to help her family. She sells corn flour that she produces, a difficult job, but one she does enthusiastically because it provides income for her family. She has applied for a loan to buy corn to process and sell. She wants to grow and shows it day after day.
Dominga es una de las miembros, quien con mucho esfuerzo ayuda a su familia. Ella se dedica a la venta de harina de maíz que ella misma procesa, es un trabajo duro, pero lo hace con mucho entusiasmo ya que mediante eso su familia tiene un sustento.
Ella solicita de este crédito para la compra de maíz, para poder procesarlo y seguir con sus ventas. Ella es una persona con muchas ansias de crecer y lo demuestra día a día.
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