San Juan Bautista Lovera Group
One of the members is Sra. Clara who is very happy to be part of the group as it has allowed her to learn new skills so she can earn a living. She makes and sells food. She is seeking a loan to buy various ingredients for the dishes she makes: meat, vegetables, chicken, cheese etc.
All the women wish to say thank you for this opportunity to obtain a loan.
Una de las integrantes es la Sra. Celia, que se encuentra contenta por formar parte del comité que mediante eso ella está pudiendo emprender una actividad para ganar dinero, ella elabora comestibles y se dedica a la venta.
Ella pide este préstamo para poder invertirlo en la compra de insumos varios para poder seguir haciendo sus comidas, como ser carnes, verduras, pollo, jamón, queso y demás, y todas agradecen por la oportunidad que están recibiendo.
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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