San Juan 2 Group
One of the members is Sra. Geronima. She sells clothing of all types such as trousers, shirts, t-shirts, coats, stockings, and other items. Geronima says that she has a well-established customer base who buy clothes from her, so she always tries to offer products that are up-to-date.
She is requesting a loan to buy t-shirts, coats, stockings, and other items so that her business will have a greater variety of clothes that she can show to her customers.
Una de ellas es la señora Geronima, la cual se dedica a la venta de ropas de todo tipo, como ser pantalones, camisas, remeras, abrigos, medias y demás. Comenta que tiene una clientela bien formada, la cual compra de ella sus ropas, pues ella siempre trae cosas muy novedosas.
Ella solicita el crédito para la compra de remeras, abrigos, media y demás con lo cual podrá abastecerse y tener más variedad de prendas que mostrar a 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