One of the group members is María who is 35 years old and is married to Leonardo, who works at a furniture store and with whom she has two children. María wants to start selling clothes and mentions that this has been a dream of hers for quite some time, as she wants to help her husband with the household expenses. She considers herself to be a very hardworking and enterprising woman.
She is requesting this loan for the purchase of all types of clothing to build a good stock to start her business. She is grateful to Fundación Paraguaya and Kiva for the opportunity provided to her.
Una de las miembros es la señora María de 35 años, esta casada con Leonardo quien trabaja en una muebleria, tienen 2 hijos. La sra Maria es una mujer que quiere empezar a vender ropas, ella comenta que este ha sido su sueño desde hace mucho tiempo, ya que desea poder ayudar a su marido con los gastos de la casa, Ella se define como una mujer muy trabajadora y luchadora.
Ella solicita el crédito para la compra de prendas de todo tipo, con lo cual podrá tener un buen stock para emprender su negocio. Agradece a la fundación y a kiva por la oportunidad que le 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