Grupo De Amigas Group
One of the members of the group is Elva, and she has a grocery store in her home, where she sells drinks and general foodstuffs very successfully.
Thanks to her good service and the good prices she has, she has already been able to develop a good clientele, who always buy from her.
She wishes to be able to continue growing and in this way keep helping her family. Elva says that the loan she is requesting from the Foundation will be used to buy foodstuffs in general for re-stocking her business.
Una de las integrantes del grupo es la Sra. Elva, ella tiene una despensa en su domicilio donde realiza venta de bebidas y comestibles en general en forma muy exitosa. Gracias a su buena atención y al buen precio que tiene ya ha podido formarse una buena clientela que siempre compra de ella. Desea poder seguir creciendo y así seguir ayudando a su familia.
Cuenta la Sra. Elva que el crédito que pide a la fundación lo utiliza para la compra de comestibles en general para volver a surtir 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