Mujeres Trabajadoras Group
Catalina is one of the members of the group. She tells us that she works selling used clothing. She says it is a good business because used clothing is an alternative for people of fewer resources. Her goal is to be able to have a big store where she will be able to offer more clothes to her customers.
She is requesting the loan to buy second-hand clothing with which she will be able to stock up, to offer to her customers.
Catalina es una de las miembros del grupo, ella nos comenta que se dedica a la venta de ropas usadas. Comenta que es un negocio bueno, pues la ropa usada es una alternativa para las personas de menos recursos. Su meta es poder tener una tienda grande donde poder ofrecer más prendas a sus clientes.
Ella solicita el crédito para la compra de prendas de segunda mano, con lo cual podrá surtirse para brindar 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