Las Amigas Group
Margarita is the president of the bank. She is a very modest, responsible, and active person who very much wants to get ahead. Margarita comments that she has a well-stocked bookstore where she provides her neighbors with all types of school supplies. With this business she is able to help with the household finances and in this way improve their lifestyle.
She is requesting the loan to buy notebooks, books, pencils, erasers, and other items with which she will be able to stock her store and have a good variety.
La presidenta del comité es la Sra. Margarita; es una persona muy humilde, responsable, activa y con muchas ganas de salir adelante. Margarita comenta que tiene una librería bien surtida, donde provee a sus vecinos con todo tipo de artículos escolares, por medio de su negocio ella puede ayudar con la economía de la casa y de esa forma mejorar el estilo de vida que llevan.
Ella solicita el crédito para la compra de cuadernos, libros, lápices, borradores y demás artículos, con lo cual podrá abastecerse y tener surtido su local.
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