24 De Mayo Group
Señora Erma is distinguished by her humility and will to achieve. She works as a domestic employee, and with this loan she is thinking of setting up a business of selling food and beverages and in this way being able to begin a new job that allows her to improve her living conditions.
La Sra. Erma se distingue por su humildad y ganas de sobresalir, se desempeña como empleada doméstica y con este préstamo está pensando montar un negocio de venta de comidas y bebidas, y de esa forma poder empezar un nuevo trabajo que le permita mejorar sus condiciones de vida.
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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