One of the members is Zonia, who, thanks to the sales from clothing, has been able to get ahead and help to provide the household expenses. She comments that she is doing well in her business and that she always has good clothes. Her dream is to be able to continue growing and to become a successful merchant.
She is asking for a loan in order to buy summer outfits, as the warm season is approaching and she wants to stock up.
Una de las integrantes es la señora Zonia, quien gracias a la venta de ropa que realiza ha podido salir adelante y ayudar al sustento de la casa. Ella comenta que le va muy bien en su negocio ya que siempre tiene muy buenas prendas. El sueño de ella es poder seguir creciendo y llegar a convertirse en una gran comerciante.
Ella solicita el crédito para la compra de prendas de verano, ya que se acerca la época de calor y quiere abastecerse.
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