San Francisco Group
This group is in its 4th loan cycle. The sense of responsibility and the desire to make progress that each one of the members has shown in their attendance at the training meetings cannot be overstated.
Silvia has a business making and selling food. She gets up very early every day to prepare the food that she is going to sell. She says that all of the sacrifices she makes are to ensure that her children do not face the same work and educational limitations that she did, and so she works doubly hard to provide her children with the kind of opportunities that she did not have.
El comité se encuentra en su 4 ciclo, en donde se puede destacar el sentido de resposabilidad y los deseos de progresar que tienen cada una de las integrantes en la asistencia en la capacitaciones.
La Sra. Silvia se dedica a la elaboracion y venta de comidas, ella se levanta todos los dias a muy tempranas horas de la mañana para poder preparar todos aquellos alimentos que va a vender. Ella dice que todo el sacrificio que realiza es para que sus hijos no pasen por las mismas limitaciones laborales y educativas por lo que se esfuerza el doble para poder brindar a sus hijos oportunidades de progreso a las que ella no pudo acceder.
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