Mujeres Unidas Group
Thanks to her business selling cosmetics, Cipriana has been able to generate some income which has helped her to take care of her home expenses. Cipriana describes herself as a hardworking and enterprising woman. She tells us that everything she does is for the good of her family and everyone who depends on her. She dreams of one day opening a market where she could sell her products.
Cipriana is requesting a loan to purchase cosmetics to stock up her current supply. She gives thanks to the Foundation for the opportunity that they have provided her with.
La Sra. Cipriana se dedica a la venta de cosméticos, gracias a este negocio ella ha podido generar un poco de ingresos que le ayuda a solventar todos los gastos de la casa. Ella se define como una mujer muy trabajadora y emprendedora. Comenta que todo lo que hace es por el bien de su familia y de todos quienes dependen de ella. Sueña con un día poder abrir una mercería donde vender sus productos.
Ella solicita el credito para la compra de cosméticos, que le servirá para abastecerse. Da las gracias a la Fundación por la oportunidad que le brinda.
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