San Arnoldo Group
One of the members of this group is Gabina, whose business is selling food as an itinerant street vendor. She reports that she has very good customers who always buy the food she prepares. She always makes very good sales because everything she prepares is absolutely delicious. Gabina says that she would like her neighborhood to experience further improvements. She would like for it to become safer and for there to be more means for accessing their area.
Gabina is requesting this loan to buy meat, vegetables, condiments and other supplies so that she can continue preparing the food that she sells as her sales are improving a lot.
Una de las integrantes es la Sra. Gabina, quien se dedica a la venta de comidas en forma ambulante. Cuenta que tiene una buena clientela que siempre compra los alimentos que hace, siempre tiene muy buena venta ya que todo lo que hace es muy rico. Gabina cuenta que quiere que su barrio crezca más, que haya más seguridad y que también pueda haber más medios para acceder hasta donde están.
Ella solicita de este crédito para la compra carnes, verduras, condimentos y demás insumos para poder seguir haciendo los alimentos que vende, ya que está mejorando mucho sus ventas.
More information about this loan
This loan is designed for poor clients living in rural areas with high levels of crime and social conflict. These clients, working primarily in agriculture, are often ineligible for credit from formal financial institutions because of the high-crime area they live in, their lack of adequate collateral (like a land title), and the likelihood of low agricultural production due to bad weather or pests. Fundación Paraguaya is committed to serving these clients with loans and other wraparound services tailored to their needs. It also provides clients working in agriculture with access to discounted training courses at a local agricultural school to teach them how to improve their crop yields.
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