Mujeres Unidas Group
Matilde sells second-hand clothes and says that her business is doing very well, as garment sales have been booming. Her desire is to continue to grow and therefore continue to help her family and contribute to the household.
She will invest this loan in the purchase of second-hand clothes, which allows her to continue her business. She is grateful to the foundation and to Kiva for the opportunity she has received.
Matilde vende ropas de segunda mano, y comenta que le está yendo muy bien en su emprendimiento, ya que la venta de prendas está muy en auge. Su deseo es poder seguir creciendo y de esa forma poder seguir ayudando a su familia y aportando en el hogar.
Ella solicita el crédito para la compra de prendas de segunda mano, con lo cual podrá seguir su negocio. Agradecen a la fundación y a kiva por la oportunidad 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