San Juan Group
The very moving story of Avelina, one member of the group, is that she always wanted to get into selling clothing, and she is now, thanks to the funding received from the Fundacion Paraguaya program and the motivation it gave her to work hard, she is able to accomplish her commercial dream.
She is applying for a loan to buy clothing, with which she will be able to stock up and keep up with her clients' demand. She is thankful to the foundation and to Kiva for the opportunity that they have given her.
Una historia muy conmovedora la de la Sra. Avelina que es una señora que siempre tuvo ganas de incursionar en el tema de venta de ropas y ahora pudo cumplir su sueño comercial gracias al programa de la Fundación Paraguaya, ya que recibió la ayuda y sumado a sus ganas de salir adelante podrá progresar y salir adelante.
Ella solicita el crédito para la compra de prendas, con las cuales podrá abastecerse y cumplir con la demanda de sus clientes. Agradece a la fundación y a kiva por la oportunidad que estas le dan.
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