20 De Julio Group
Mrs. Marcela sells all types of clothing and, thanks to her work, she has been able to get ahead and improve her family's living conditions. One of her dreams is to have her own clothing store one day where she can offer a wide variety of garments to her customers. She claims to have a defined selection of customers who always buy from her.
She is requesting a loan to buy winter clothing since she has received many orders for this kind of apparel and she wants to be able to fill the orders. She is very grateful to the Fundación for this opportunity.
La señora Marcela se dedica a la venta de ropas de todo tipo, gracias a este trabajo ella ha logrado salir adelante y mejorar las condiciones de su familia. Uno de sus sueños es poder tener una tienda de ropas donde pueda ofrecer a sus clientes toda la variedad de prendas que posee. Comenta que tiene una clientela bien definida que siempre compran de ella.
Ella solicita el crédito para la compra de prendas de invierno, ya que ha recibido mucha demanda de ese tipo de prendas y le gustaría cumplir con sus clientes. Está muy agradecida con la Fundación por la oportunidad que esta le da.
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