Santa Lucia Group
Nicolás is part of the group. He says that he decided to form the group with his friends. He did this in order to be able to work and keep growing in this way through his own effort.
He works on a farm doing all types of jobs. He is much admired for his tenacious spirit.
Nicolás is requesting the loan to buy tools, which will be a big help in being able to continue working.
Nicolás forma parte del grupo, y comenta que decidió formar el grupo con sus amigos para poder tener un capital para trabajar e ir creciendo de esa forma mediante su propio esfuerzo. El trabaja en una granja haciendo todo tipo de trabajos. Es muy admirado por el ánimo de lucha que tiene.
Nicolás pide el crédito para la compra de herramientas que le serán de mucha ayuda para poder seguir trabajando.
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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