El Progreso Group
Lucina is one of its members. She works selling food and making cleaning products in order to diversify her income. She wants to use this loan to buy cleaning kits and also improve her kitchen a little, since it is where she works.
They are all very happy and grateful for this opportunity of growth and improvement.
Una de las integrantes la señora Lucina, quien se dedica a la venta de comidas y a la fabricación de artículos de limpieza de modo tal a diversificar sus ingresos y con este préstamo quiere comprar kits de limpieza y también mejorar un poco su cocina que es su medio de trabajo.
Todas están muy contentas y agradecidas por la oportunidad que están recibiendo de poder crecer y mejorar.
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