One of the members of the group is Maria. She is engaged in selling all kinds of shoes. Thanks to this business she has been able to get ahead and help her family. She wants to continue investing in her business since, up until now, it has been very good to her. She has very good customers and a lot of orders. This is why she is applying for the loan.
She wants to purchase shoes of all types in order to fulfill her customers’ needs. She is thankful to the foundation for the opportunity it has given her since the loan will be a big help for her and her friends in the group.
Una de ellas es la Maria es una de las integrantes del grupo, ella se dedica a la venta de zapatos de toda clase, gracias a esto ella ha podido salir adelante y ayudar a su familia. Ella quiere seguir invirtiendo en su negocio, pues hasta ahora le ha sido muy bueno. Ella tiene muy buena clientela, y muchos pedidos, es por ello que solicita el crédito.
Quiere comprar zapatos de todo tipo para la poder cumplir con sus clientes. Agradece a la fundación por la oportunidad que esta le da, pues será de gran ayuda para ella y para sus amigas el crédito.
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