Nuevo Renacer Group
One of the members is Ramona. She sells undergarments. She says she has a very good customer base since she always brings good quality products and this pleases her customers. She remarks that with this work she is able to support her self and her family.
She is asking for the loan to buy all types of undergarments, which will help her to satisfy her customers demand.
Una de las miembros es la señora Ramona, quien se dedica a la venta de lencería, dice que tiene ya muy buena clientela, ya que siempre trae productos de buena calidad y eso agrada a sus clientes. Comenta que por medio de este trabajo ella logra mantenerse y mantener a su familia.
Ella solicita el crédito para la compra de todo tipo de lencería, lo cual le ayudará a cumplir con la demanda de sus clientes.
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