Santa Clara Group
Fátima is one of the members of this group. She is a very hard-working and tenacious woman whose business is selling cosmetics. She has been in this business for some time and has been able to form a good customer base. This has enabled her to do well and help her family.
Fátima is requesting a loan to buy cosmetics so that she can fill some of the many orders that she has. All of the women are very happy to receive Fundación Paraguaya's help as it enables them to support their families and children.
Fátima es una de las integrantes, ella es una mujer muy trabajadora y luchadora, que se dedica a la venta de cosméticos. Se dedica a esto hace ya un tiempo y gracias a eso ha podido formarse una buena clientela, lo cual le ha ayudado a salir adelante y ayudar a su familia.
Ella solicita el crédito para la compra de cosméticos, con lo cual podrá cumplir con pedidos que tiene, ya que ha recibido muchos. Todas estas mujeres están muy contentas con la ayuda de la fundación, pues eso les ha ayudado a mantener a sus familias e hijos.
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