El Progreso Group
One of these entrepreneurial women is Denice, who sells jewelry. She says that sales have been very good and she has formed a good base of customers who always buy her products, giving her a very good income. She dreams to someday own a small jewelry store where she can offer their products.
The women have asked for help from the foundation and Kiva so that they can purchase of jewelry, such as rings, chains, bracelets and other types, which will replenish their stock and meet customer demand.
Una de estas mujeres trabajadoras es la señora Denice, quien se dedica a la venta de joyas. Ella nos comenta que tiene muy buena venta, ya que ya ha logrado formarse una buena clientela que siempre compran de ella, lo cual le trae muy buen ingreso. Ella sueña con poder tener, algún día, una pequeña joyería donde ofrecer sus productos.
Ellas pide la ayuda de la fundación y de kiva para la compra de joyas, como ser anillos, cadenas, pulseras y demás tipos, con los cuales podrá abastecerse y 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