Patricia is one member of the group. She makes a living selling charcoal and has a good business since lately charcoal is in high demand due to gas being very expensive. She hopes to continue working to be able to continue helping her family and covering the household expenses. She is requesting the loan to buy charcoal. In this way she continues giving her family all that they need.
Patricia es miembro del grupo, ella se dedica a la venta de carbón, y cuenta que es un buen negocio ya que últimamente el carbón es muy solicitado ya que el gas es muy caro. Desea poder seguir trabajando para poder seguir ayudando a su familia y cubrir los gastos de la casa.
Solicita el crédito para la compra de carbón, y de esa forma seguir dando a su familia todo lo que necesitan.
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