This group currently has 22 [female] members who are on their third loan cycle. Antonia sells cleaning products. She says that she has many customers who always buy from her. She has all kinds of products which please her customers. She says that, thanks to this work, she has been able to support and help her family.
Antonia is requesting this loan to buy cleaning products so that she can stock up and have a larger variety of products available.
La señora Antonia se dedica a la venta de productos de limpieza, dice que tiene muchos clientes que siempre compra de ella. Tiene todo tipo de productos, los cuales gustan a sus clientes. Comenta que gracias a este trabajo ella ha podido mantener y ayudar a su familia.
Ella solicita el crédito para la compra de productos de limpieza, con lo cual podrá abastecerse y tener más variedad de productos.
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