Artesanas De Ñanduti Group
One of the members, Lisia, is 37 years old and is the President of the Board of Directors. She says that she always tries to encourage her companions to continue working. She has a small store where she works every day. Lisia is asking for this loan to invest it in buying vegetables, meat, oil, etc. to stock her business and continue providing her clients with what they desire.
La señora Lisia, es parte de este grupo, está casada , tiene 37 años, ella es la presidenta del comité, y comenta que siempre trata de instar a sus compañeras a seguir trabajando. Tiene una despencita, en la que trabaja todos los días y pide de este crédito para poder invertirlo en verduras y carne, aceite, etc para surtir su almacén y seguir dando a su clientela todo lo que piden.
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