La Esperanza 2 Group
One of the members is Ramona who works every day and has made many sacrifices to push forward and help her family. She tells us that she works selling all types of clothing, and she is not doing badly, she always makes sales, and she wants to be able to continue growing her business, and this is why she is asking for a loan to buy all types of clothing in order to stock up and in this way to have more variety to offer her clients.
She is just like her friends in the group; all of them are grateful for the help that the foundation and Kiva gives them.
Una de las integrantes es Ramona, quien trabaja todos los días y con mucho sacrificio ha logrado salir adelante y ayudar a su familia. Nos cuenta que se dedica a la venta de ropas de todo tipo, en lo cual no le va mal, ya que siempre tiene buena venta, desea poder seguir creciendo con su negocio, y es por ello que solicita el crédito para la compra de prendas de todo tipo, para abastecerse y de ea forma tener mas variedad que ofrecer a sus clientes.
Ella al igual que sus amigas del grupo están agradecidas por la ayuda que la fundación y Kiva les brinda.
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