Kuña Guapa Group
Gladys is one of these women. She sells embroidered slippers. She says that it is going very well for her. These are very much in fashion lately, and they are sold a lot. Thanks to having good work she was able to form good clientele. This is very helpful.
She is requesting the loan to buy slippers, pearls, sequins, and thread to embroider the slippers.
She is grateful to the Fundación and to Kiva for the help they are receiving.
Gladys es una de estas mujeres, ella se dedica a la venta de zapatillas bordadas y comenta que le va muy bien, pues estas están muy de moda últimamente y son muy vendidas. Gracias a que tiene muy buenas obras ya pudo formarse una buena clientela, lo cual le es de mucha ayuda.
Ella solicita el crédito para la compra de zapatillas, perlas, lentejuelas, hilos para bordar las zapatillas. Ella agradece a la fundación y a Kiva por la ayuda que están recibiendo.
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