Niño Jesús Group
One of the members is Señora Maria, who sells all kinds of used clothes. It is going well, because, since the economic crisis, people prefer to buy cheaper, second hand clothes. She wants to be able to keep growing her business and so to keep helping her family. María is seeking the loan to buy second hand clothing to stock her business and offer greater variety to her customers.
Una de las miembros es la señora Maria, quien se dedica a la venta de todo tipo de prendas usadas. Comenta que le va muy bien, ya que debido a la crisis económica la gente prefiere las prendas de segunda mano por ser más baratas. ella desea poder seguir creciendo y de esa forma seguir ayudando a su familia.
María solicita el crédito para la compra de prendas de segunda mano para que de esa forma pueda surtirse y tener más variedades para 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