Virgen De Los Remedios Group
Gertrudis is the president of the communal bank. She makes a living selling food that she makes herself. According to what she says, her customers like it a lot. She's very clever with what she does, which is why it's going so well for her.
She'll invest her loan in buying vegetables and meat, etc., so she can sell her food.
All the members are very grateful for this opportunity because they can help their families by working with the group.
La señora Gertrudis es la presidenta del comité, ella se dedica a la venta de comestibles que ella misma hace, y lo cual según comenta gusta mucho a sus clientes. Es una persona muy hábil con lo que hace y es por eso que le va muy bien. Ella invertirá su crédito en la compra de verduras y carne, etc. para la venta de comestibles.
Todas estan muy agradecidas por la oportunidad que estan recibiendo, ya que con el trabajo en grupo pueden ayudar a sus familias.
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