One of the group members is Mercedez. She sells all types of articles of clothing. She says that this work has allowed her to support her family and get ahead. She has a good customer base, so her business is going very well for her. She wants to continue to invest in her business, in order to keep growing more and more every day.
She is requesting this loan for the purchase of summer clothing. This will allow her to stock up and have a greater variety of clothing in order to satisfy her customers.
Una de las integrantes es Mercedez, quien se dedica a la venta de todo tipo de prendas. Ella dice que por medio de este trabajo ella ha podido mantener a su familia y salir adelante. Ella tiene buena clientela, por lo que le esta yendo muy bien en su negocio. Ella quiere seguir invirtiendo en el, para seguir creciendo cada día más y mas.
Ella solicita el crédito para la compra de prendas de verano, con lo cual podrá abastecerse y tener más variedad de prendas con las que podrá cumplir con 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