La Esperanza Group
María is the Director General of this committee. She engages in selling clothes and cosmetics in her neighborhood. She is a responsible and hardworking woman. She says that thanks to her job she has succeeded in providing for her family and in offering them at least the basic conditions for a decent and honorable life.
She is requesting a loan to buy items of clothing, in order to meet her customers’ requests. She is grateful to Fundación Paraguaya for the new chance she is being offered.
La Directora General del comité es la Sra. María, ella se dedica a la venta D. ropas y cosméticos en su barrio, es una persona, responsable, y trabajadora. Comenta que gracias a su trabajo ha logrado mantener a su familia y darle por lo menos las condiciones básicas para que puedan tener una vida digna y decorosa.
Ella solicita el crédito para la compra D. prendas, con lo cual podré cumplir con la demanda D. sus clientes. Agradece a la Fundación por la nueva oportunidad que 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