One of the group members is Marina who is a home products merchant. She has four school aged children and her husband is employed at a soap factory.
They earn good income from the activities they each do and are asking for funds to do some home improvements and they need to buy the necessary materials and supplies (bricks and cement).
Todas se encuentran muy satisfechas con las actividad es que realizan y desean continuar con el trabajando ya hasta ahora consiguieron buenos resultados.
Una de ellas es la señora Marina Quien se dedica a la venta de productos de uso domestico, ella tiene 4 hijos en edad escolar y su marido es empleado de una fabrica de jabón.
Actualmente tienen buenos ingresos con las actividades que los dos realizan y en esta oportunidad solicita el préstamo ya que quieren hacer algunas mejoras en la casa, y deben comprar los material que van a ser utilizado(ladrillos y cemento).
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid