8 De Diciembre Group
She told us that their group is very united, and they all help each other mutually. In this way, they all succeed together. Each member is withdrawing the loan to invest in her business or to help with some important expenses that her family has.
Señora María is requesting a loan to buy clothing like shirts, t-shirts, and other garments so she can have a larger variety of merchandise.
She is a member of a very united group, and each member has an independent business that generates income. They are improving their group with the help of training courses and the loans that they receive from Fundación Paraguaya.
Ella comenta que el comité que integra es muy unido y todas se ayudan mutuamente y de esa manera salen adelante todas juntas.
Cada integrante retira el crédito para invertir en su actividad o para algunos gastos importante que tienen sus familias.
La señora María solicita el préstamo para la compra de ropas, como camisa, remeras, y otras prendas de vestir para contar con variedad de mercaderías.
Ella forma parte de un comité muy unido y cada integrante como ella tiene una actividad independiente que le genere ingreso y lo van mejorando con la ayuda de las capacitaciones y los créditos que recibe de la Fundación Paraguaya.
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