Kuña Pyapy Mbarete Group
Araceli is one of these woman. She is a modest person, but above all, very hard-working. She sells various brands of cosmetics, and it is going very well, as thanks to the quality of her products, and her good prices, she already has a well-established clientele.
Her goal is to have a store where she can offer more products to sell to her customers. She is asking for help from the Foundation and from Kiva to buy cosmetics, so she will be able to have more variety to offer her customers.
Actualmente están en el primer ciclo del programa de la fundación paraguaya y su meta es llegar al máximo nivel.
Araceli es una de estas mujeres, ella es una persona humilde pero por sobre todo muy trabajadora. Ella se dedica a la venta de cosméticos de variadas marcas, en lo que le va muy bien, pues gracias a la calidad de sus productos y a sus buenos precios ya tiene una clientela bien formada. Su meta es pode tener muna tienda donde poder ofrecer más productos para ofrecer a sus clientes.
Ella pide la ayuda de la fundación y de Kiva para la compra de cosméticos, con lo cual podrá tener más variedad para ofrecer 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