San Cayetano Group
Elba is one of the members. She has a small store where she invests everything she has and in this way helps her family. She started with a small business and little by little, thanks to her hard work, is getting ahead. Her goal is to keep working and helping her family as she has done.
She is asking for this loan because she wants to stock her business with staple products that her customers buy the most, such as milk, bread, meat, beverages and vegetables. She is grateful for the help she is receiving.
La señora Elba, es una de las integrantes, ella cuenta con una Despensa en donde invierte todo lo que tiene, y de esa forma poder ayudar a su familia. Empezó con un pequeño negocio y poco a poco y gracias al esfuerzo está saliendo adelante. Su meta es poder seguir trabajando y ayudando a su familia como lo viene haciendo.
Solicita de este crédito ya que quiere surtir su negocio con los insumos de primera necesidad que es lo que mas llevan sus clientes, como ser leche, pan, carne, bebidas y verduras. Agradece por esta ayuda que esta recibiendo.
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