San Miguel Arcangel Group
One of the members of this group is María, who sells jewelry. She says that it is a very good business as it has enabled her to get ahead in life and help her family to continue growing. One of her goals is to own a large store where she can offer her customers some comfort.
María is requesting this loan to buy rings, bracelets, earrings and other pieces of jewelry so that she can stock her business and offer a greater variety of products to her customers.
Una de las integrantes es la señora María, quien se dedica a la venta de joyas. Es un negocio muy bueno, comenta ella, pues gracias a este ha podido salir adelante y ayudar a su familia para poder seguir creciendo. Una de sus metas es poder tener una tienda grande, donde pueda ofrecer comodidades a sus clientes.
Ella solicita el crédito para la compra de anillos, pulseras, aros y demás tipos de joyas, con las cuales podrá surtirse y ofrecer mayor variedad 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