Barrio Florida Group
One of the members of the group is Señora Nancy. She has three children. Her partner is Sr. Omar. She comments that she has worked for several years selling clothing, which has gone very well for her, since she always has a great variety of items, which attracts more customers. She says that she wants to continue growing, and this is why she is applying for the loan, since she wants to buy summer clothing so that she will be stocked for the coming season. She is thankful to the foundation and to Kiva for giving them the opportunity to progress.
Una de las integrantes del grupo es la Sra. Nancy, ella tiene 3 hijos, esta acompañada con el Sr. Omar. Comenta que se dedica hace varios años a la venta de ropas, en lo cual le va muy bien, puesto que siempre tiene mucha variedad de prendas, lo cual atrae a más clientes. Dice que desea seguir creciendo y es por ello que solicita el crédito, ya que desea comprar prendas de verano para poder estar abastecida para esta época que viene.
Agradece a la fundación y a kiva por la oportunidad de progreso que se les da.
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