Mujeres Bonitas Group
Mariana's business is selling ornamental plants. She tells us that she has good sales as she has a lot of customers who like the plants that she sells. Thanks to this work she manages to contribute towards covering her household's daily expenses. Mariana is requesting this loan to buy plants which will give her a greater variety to show her customers and, at the same time, attract new customers.
La señora Mariana se dedica a la venta de plantas ornamentales, comenta que tiene buenas ventas, ya que tiene muchas clientas que gustan de las plantas que vende. Gracias a este trabajo ella logra aportar para los gastos diarios de la casa.
Ella solicita el crédito para la compra de plantas, con lo cual podrá tener más variedad para mostrar a sus clientes y de paso atraer a más.
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