Divina Misericordia Group
Unice is one of the members and she tells us that she makes a living selling all sorts of used clothing. She comments that it is going very well, given that the sales of used clothing has a high demand. As she always has pretty clothes and thanks to the quality and good price of these, she has been able to form a good clientèle.
She requests this loan to buy items of clothing with which she will have more stock and so have more customers. She is very happy for the help they are receiving from Kiva and Fundación Paraguaya.
Unice, es una de las integrantes, y nos cuenta que se dedica a la venta de todo tipo de prendas usadas, comenta que le va muy bien, puesto que la venta de ropas usadas tiene muy buena demanda. Ya que siempre tiene muy lindas ropas y gracias a la calidad y buen precio de las mismas, ha podido formarse ya una buena clientela.
Ella solicita el crédito para la compra de prendas, con las cuales podrá tener mas en stock y de esa forma tener mas clientes. Ellas están contentas por la ayuda que están recibiendo por parte de kiva y de fundación paraguaya.
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