San Miguel Group
One of the group's members, Natalia, sells underwear for both men and women. She has been in this business for some time and it makes her the income she needs to help with her household expenses. She says that the foundation have helped her a lot in her business and so she is requesting their help again through this loan which she will use to buy men's and women's underwear. This will enable her to continue with her sales. She is grateful for this opportunity that she is being given.
Natalia, una de las miembros, se dedica a la venta de lencería, tanto para hombres como para mujeres, negocio al que se dedica hace un tiempo, gracias al cual obtiene los ingresos necesarios para ayudar con los gastos de la casa. Comenta que la fundación la ha ayudado mucho en su negocio, por lo que solicita nuevamente su ayuda por medio del crédito para la compra de lencerías masculinas y femeninas, para poder seguir con sus ventas. Agradece por esta oportunidad que se le da.
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