Leticia is a member of this group. She says she has always been working and thanks to her efforts she has been able to help her family. She engages in selling clothes of different kinds, and this is her main source of income. She dreams of opening a shop where to offer better comfort to her customers.
She has asked for a loan to the Foundación and to Kiva in order to buy clothes such as shorts, T-shirts, vests, blouses for women and other items of clothing in order to offer a wider variety of products. She is thankful for the opportunity she has been given.
Leticia es miembro de este grupo, ella comenta que siempre ha trabajado y gracias a su esfuerzo ha podido ayudar a su familia. Ella se dedica a la venta de prendas de variadas clases, el cual es su principal medio de generar dinero. Sueña con poder abrir una tienda donde pueda ofrecer una mayor comodidad a sus clientes.
Acude a la fundación y a kiva para la compra de prendas, como ser shorts, remeras, camisillas, blusas para damas y demás tipos de prendas, con lo cual podrá tener una mayor variedad. Agradecen por la oportunidad recibida.
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