El Triunfo Group
Señora Lina Mercedes sells clothes. She married Señor Victor 19 years ago and they have five children, all minor and going to school: three children attend elementary school and two attend secondary school.
Señora Lina applied for a loan to buy a diversified set of clothes, since she has been in this traD. for five years. Her dream is to open a haberdashery at home and proviD. the best to her children: education, food and clothing.
La sra. Lina Mercedes se dedica a la venta D. ropas, esta acompañada con el señor Victor hace 19 años y tienen cinco hijo estudiantes menores, tres en la primaria y dos a la secundaria.
La señora Lina solicitó el crédito para la compra D. ropas en general, ya que se dedica a esta venta desD. hace 5 años. Ella sueña con abrir una merceria en su casa y dar lo mejor a sus hijos: educación, alimentación, vestimenta.
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