Perpetuo Socorro Group
The members have formed a stable and united group, thanks to their work as a team, and the responsibility and solidarity of each one of them.
One of the members is Patricia, who has a pantry she works in every day, from the very early hours of the morning. She said at first, it struggled a bit, but little by little, it took hold and is doing better and better.
Patricia is asking for this loan to buy various products, such as vegetables, fruits, meat, canned goods and more, which will help her narrow down her business plan, helping her to improve her income.
Una de las integrantes es la Sra. Patricia, quien tiene una despensa, y en la cual trabaja todos los días desde muy tempranas horas del día. Comenta que al principio le costó un poco, pero que poco a poco fue afianzándose y que le está yendo cada vez mejor.
La Sra. Patricia solicita de este préstamo para la compra de productos varios, como verduras, frutas, carne, enlatados y demás, lo que le ayudará a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos.
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