San Cayetano Group
One of the members, Francisca, sells staple goods such as fruit, vegetables, milk products, bread products, soft drinks, etc.
The loan will be used to strengthen her business with the purchase of a greater quantity of merchandise in order to be able to grow and increase the business' sales.
Una de las integrantes, la señora Francisca se dedica a la venta de productos de primera necesidad como frutas, verduras, lácteos, panificados, gaseosas, etc.
El pedido del crédito se sería para fortalecer su negocio con la compra de mayor cantidad de mercaderías para poder crecer y aumentar las ventas del 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