Cristo Rey Group
Benita is a group member. She’s employed in a firm and strives to the maximum to become a successful woman and she’s accomplishing this by means of her non-stop work.
She wants to be able to start a new business to help her family more this way. She’s asking for this loan to start selling clothes thus improving her income and being able to give her family everything she did not have.
La Sra. Benita es miembro del grupo, ella es empleada de una empresa, se esfuerza al máximo para llegar a ser una mujer exitosa y lo está consiguiendo a través del trabajo continuo. Quiere poder emprender un nuevo trabajo para que de esa forma pueda ayudar más a su familia. La señora solicita este crédito para poder emprender en la venta de prendas, y de esa forma ir mejorando sus ingresos y poder dar a su familia todo lo que ella no tuvo.
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