Mujeres Unidas Group
One of the women is Liz. She sells all sorts of products like clothes, shoes, sheets, blankets and more. She comments that she does well in her micro business so would like to continue in it and this is why she’s asking for a loan to buy the products she sells, which are: clothes, shoes, sheets, blankets and others.
She thanks the Fundación and Kiva for the opportunity they give her because it will be of much help for her micro business because this is the source of support for her and her family.
Una de ellas es la señora Liz, ella se dedica a la venta de todo tipo de productos, como ser prendas, calzados, sabanas, frazadas y demás. Comenta que le va muy bien en su microempresa por lo que le gustaría poder seguir en el, es por ello que solicita el crédito para la compra de esos productos que ella vende, como ser: prendas, calzados, sabanas, frazadas y otros.
Ella agradece a la fundación y a Kiva por la oportunidad que estas le dan, pues le será de mucha ayuda en su microempresa, pues este es el medio de subsistencia de ella y de su familia.
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