Maria is one of the group's members. She tells us that she worked hard to open her grocery store. She started out with a small investment of money but today she has a good, well-stocked business. Her wish is to be able to continue growing her business and thereby continue helping her family. With a view to fulfilling this dream, she is requesting a loan to buy drinks, dairy products, meat, vegetables and other basic household products with which to stock her business.
Maria es una de las integrantes del grupo, y ella nos cuenta que con mucho esfuerzo tiene una despensa, la cual empezó con una pequeña inversión, pero hoy en día ya tiene un buen negocio bien surtido. Su deseo es poder seguir creciendo y de esa forma poder seguir ayudando a su familia. En miras a ese sueño solicita el crédito, para la compra de bebidas, lácteos, carnes, hortalizas y demás artículos de primera necesidad. Para poder abastecer su negocio.
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