San Juan Group
These are active women, the some of whom tailor-make clothes and are in sales, among other activities. They are looking for a little more support to strengthen their families’ incomes and to better the quality of their lives through credit.
They need this loan to invest in their respective jobs, which will allow them to achieve sustainable growth as a group and as individuals.
Some of their activities are: sale of cheese, clothes, milk, silver jewelry, and food. Some of them have their beauty salon; others are dressmakers.
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