San Isidro Group
Most of the members of the group, with much effort and responsibility, are the fruits that have put in many years of sacrifice, pantry, coal sales, and selling food.
For example, Ms. Josefina, who is entirely devoted to her family and tries to get more income through her small store, sells mainly water to her area because there is almost no fresh drinking water to drink.
And thanks to credit designed by the Fundacion Paraguaya and Kiva, Josefina has the desire to overcome, and move forward more.
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