Las Perlas Group
Sra. Acela is one of the members. After joining the group of women, she decided to open a business selling a range of items such as school supplies, uniforms, decorations etc. With the loan that Acela receives, she plans to buy the products that her customers need. The business is very important to the family since the income helps greatly with household finances as well as clothes for the children and other school expenses.
The loan is to buy general merchandise such as uniforms, school supplies etc.
Una de la integrantes es la señora Acela quien después de integrarse al comité de mujeres decidió abrir su negocio ofreciendo todo tipo de artículos como útiles escolares, uniformes, artículos decorativos, y otros.
Con cada actividad que realiza el comité y con cada crédito que ella recibe compra todos las mercaderías requeridas por los clientes.
El negocio es muy importante para la familia ya que ayuda mucho con los gastos de la casa en cuanto a vestimenta de los hijos y otros gastos escolares.
El crédito solicitado fue para la compra de mercaderías en general como uniformes, artículos escolares y otros.
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