One of the members of the group is Señora Nilsa, who tells us that she sells all types of clothing. She says that, by means of this business, she has been able to help her family and have the means necessary to better their lives. She defines herself as a hard-working fighter whose sacrifices are for her family, as she doesn’t want them to suffer any hardships.
She requests this loan for the purchase of clothing with which she will be able to stock her business, and subsequently have more variety to offer her customers.
Una de las integrantes es la señora Nilsa, quien nos cuenta que vende todo tipo de prendas, dice que por medio de este trabajo ella ha podido ayudar a su familia y de esa forma tener los medios necesarios para mejorar la vida que llevan. Ella se define como una mujer muy trabajadora y luchadora cuyo sacrificio es por su familia, ya que no quiere que pasen por ningún tipo de privaciones.
Ella solicita el crédito para la compra de prendas con lo cual podrá surtirse y de esa forma tener más variedad para ofrecer a 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