Las Mercedes Group
Petrona H. has a business that offers all kinds of household products. She wants to develop her business by selling clothes. For this she is asking for a loan to buy winter clothes like jackets, sweatshirts, sweaters, and pants.
She is very grateful for the loan that the group has received, has already been able to invest in her business and will be able to increase her income.
La señora Petrona H. tiene negocio donde ofrece todo tipo de productos de uso domésticos y actualmente quiere ampliar su negocio con la venta de ropas para ello solicita un préstamo para la compra de ropas para invierno como camperas, buzos, suéter, pantalones.
Ella está muy agradecida por el crédito que recibieron ya pudo invertir en su negocio y podrá aumentar sus ingresos.
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