Las Orquideas Group
Mirna, one of the members, sells all kinds of clothing for a living. She defines herself as a hard-working person who has made an effort to get ahead and make her business successful. She says business is going well and provides her with a good income. She wants to continue to grow and is requesting a loan through the Fundación and Kiva that she will use to buy all types of clothing to fill customer orders.
Mirna es una de las miembros, quien se dedica a la venta de prendas de todo tipo. Ella se define como una mujer muy trabajadora, quien por medio de su esfuerzo ha podido salir adelante y progresar en su negocio. Ella nos comenta que su negocio va muy bien, por lo que le trae muy buenos ingresos. Ella desea seguir creciendo, por lo que solicita la ayuda de la fundación y de kiva, por medio de un crédito.
Utilizará el crédito para abastecer su negocio con prendas de todo tipo para cumplir con sus clientes.
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