Las Poderosas Group
Mercedes is one of the members of this selfless group. She makes a living selling ice cream, and says that her business is going well, especially when the weather is very hot. The months when she has the most sales are from December to February. She is asking for the loan because she wants to stock up in order to offer her customers more variety. She wants to purchase various flavors of ice cream so she will be ready to meet her customers’ orders.
Mercedes es una de las integrantes de este sacrificado grupo. Ella comenta que se dedica a la venta de helados, negocio en el que le va muy bien, en especial en este tiempo de mucho calor. Dice que los meses donde más ventas tiene es de diciembre hasta febrero, y es por ello que solicita el crédito ya que desea poder abastecerse para tener gran variedad que ofrecer a sus clientes.
Desea comprar helados de variados sabores y de esa forma estar preparada para afrontar los pedidos de 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