San Francisco Group
Elena is one of these members. She is a hard working women, entrepreneur and fighter, and she says that thanks to her work and sacrifice she has been able to succeed and help her family to cover the expenses that arise daily. She sells all types of clothes for a living, like t-shirts, jeans, shorts, shirts and more. She always has good clothes and she was already able to develop good clientele and is today a successful small business.
She asks for the assistance of the foundation and of kiva to be able to have a greater variety of cloths and in this way attract more clients and make more income.
La señora Elena es una de las miembros, ella es una mujer muy trabajadora, emprendedora y luchadora, y comenta que gracias a su trabajo y sacrificio ha podido salir adelante y ayudar a su familia y cubrir los gastos que diariamente surgen. Ella se dedica a la venta de todo tipo de prendas, como ser remeras, jeans, bermudas, camisas y demás, ya que siempre tiene buenas prendas, ya pudo formarse una buena clientela y hoy en día es una microempresaria exitosa.
Ella pide la ayuda de la fundación y de kiva para poder tener más variedad de prendas, y de esa forma atraer a más clientes y tener mayores ingresos.
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