Santa Librada Group
One of the members of the group is Maria. She has a small grocery store and is married to Raul, who works as a salesman. They have 2 children, for whom they both strive in order to be able to get ahead and give their children everything that they weren't able to have.
Maria says that she will use the loan she is asking for from the foundation to buy more yerba mate, eggs, meat, vegetables, canned goods and other things to better stock up her pantry. She is very grateful, as thanks to the loan she will be able to improve her earnings and her family's income.
Una de las integrantes del grupo es la Sra. Maria, ella tiene su despensa, está casada con el señor Raúl que trabaja de vendedor, tienen 2 hijos, por quienes ambos se esfuerzan para poder sacarlos adelante y darles todo lo que ellos no pudieron tener.
Cuenta la Sra. Maria que el crédito que solicita a la fundación lo utilizará para la compra de mas yerba, huevos, carnes, verduras, enlatados y demás para surtir mejor su despensa, ella se encuentra muy agradecida ya que gracias a el crédito podrá mejorar sus ingresos y el de su familia.
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