Santa Ana Group
One of the members is Sra. Mariela. She has a variety store where she sells all types of products including clothes, various sundries, and other items. Through her business, she has been able to improve her quality of life. Mariela wants to invest her loan in her business. She wants to buy clothes and various sundries so that she can continue working.
On the weekends, the group organizes fundraising activities, such as selling Paraguayan soup and hosting bingo games. This enables the group to help one another if any of the members encounters some difficulties.
La Sra. Mariela, una de ellas, tiene una mercería con todo tipo de productos, como ser prendas, artículos varios y demás, con lo que tiene los medios para poder ir mejorando su calidad de vida.
Ella quiere invertir su crédito en su negocio, ya que quiere comprar prendas y artículos varios y así seguir trabajando. Los fines de semanas ellas organizan actividades como venta de sopa paraguaya y bingo para obtener fondo y ayudarse las unas a las otras si alguna no tiene algún inconveniente.
More information about this loan
This loan is designed for poor clients living in rural areas with high levels of crime and social conflict. These clients, working primarily in agriculture, are often ineligible for credit from formal financial institutions because of the high-crime area they live in, their lack of adequate collateral (like a land title), and the likelihood of low agricultural production due to bad weather or pests. Fundación Paraguaya is committed to serving these clients with loans and other wraparound services tailored to their needs. It also provides clients working in agriculture with access to discounted training courses at a local agricultural school to teach them how to improve their crop yields.
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