Mujeres Valientes Group
Avelina is one of the members of the group. She makes a living selling clothing, which she has done for a while. She already has a well-defined clientele that always buys the clothing she sells. She says that her goal is to continue growing as a retailer and thus keep helping her family.
Avelina is asking for a loan so she can purchase summer clothing, since the hot season is when she makes the most sales. She is grateful to Fundación Paraguaya and Kiva for the opportunity they are providing.
Avelina es una de las miembros de este grupo, y nos cuenta que se dedica a la venta de prendas desde hace un tiempo, por lo que ya tiene una clientela bien definida que siempre compra de ella las prendas que vende. Comenta que su meta es poder seguir creciendo como comerciante y de esa forma seguir ayudando a sus familias.
Ella solicita el crédito para la compra de prendas de verano, pues se acerca la época de calor y es cuando más ventas tiene. Agradece por la oportunidad que le da fundación paraguaya y kiva.
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