Maria Auxiliadora Group
One of the members, Maria, sells vegetables at a fair. She is married to Lucio, who works as a mason, and they have two children for whom she and Lucio struggle to be able to give them a dignified life and a good education.
Maria is asking for this loan to buy vegetables and continue helping her husband pay the household expenses. The group is grateful for the help they receive because it is very helpful.
Una de las integrantes del grupo es la Sra. Maria, ella tiene su venta de verduras en una feria, está casada con el señor Lucio de profesión Albañil, tienen 2 hijos, por quienes la Sra. Maria y Lucio luchan, para poder darles una vida digna a sus hijos y una buena educación.
Maria solicita de este crédito para invertirlo en la compra de verduras, y así seguir ayudando a su esposo con los gastos de la casa. El grupo agradece por la ayuda que reciben pues les será muy útil.
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