San Cayetano Group
Nansy is one of the group members; she sells all types of lingerie. She comments that she has both men and women customers who buy from her which produces good income.
Through this work she’s able to support her home and her family too so she’d like to continue investing in her business and is asking for a loan to buy lingerie for women and underwear for men to renew her stock. She, as well as her fellow group members, is grateful to the Fundación and to Kiva for this opportunity.
Nansy, es una de las integrantes del comité, ella vende todo tipo de lencerías. Comenta que tiene clientes y clientas que siempre compran de ella, lo cual la trae muy buenos ingresos. Ella por medio de este trabajo logra mantener su hogar y también a su familia, por lo que le gustaría poder seguir invirtiendo en su negocio, por ello solicita el crédito para la compra de lencerías, tanto para hombres como para mujeres con lo cual podrá renovar su stock.
Ella al igual que sus compañeras está muy agradecida con la fundación y Kiva por esta oportunidad
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