San Ignacio Group
Teodolina is one of the members of the group. She is also the president. She is asking for this loan to buy silver jewelry to sell, such as rings, bracelets, chains, pendants, hoops, etc. This way, she can increase her clientele and also generate more income for her family, thanks to the support offered by the foundation and Kiva.
La Sra. Teodolina es una de las integrantes de este grupo, y demás es la presidenta, pide este préstamo para la compra de joyas de plata para su venta, como ser anillos, pulseras, cadenas, dijes, aros, etc., para que de esa manera pueda aumentar más su clientela y también pueda generar más ingresos en la familia, gracias al apoyo que le esta brindando la fundación y kiva pudiendo aumentar clientes.
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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