Medalla Milagrosa Group
Angelica is one of the members, and she tells us that she joined this group with high hopes of getting ahead so that she would be able to support her family and provide them with their daily needs. Angelica sells all types of clothing and says that she has always has good customers, and this enables her to earn good income.
She is requesting this loan to purchase fall clothing as this season is approaching and she wishes to stock her business. She is grateful to the foundation and Kiva for the support that she is receiving
La señora Ma. Angelica es una de las miembros, y nos comenta que se unió al grupo con mucha esperanza de salir adelante y de esa forma poder ayudar a su familia y darles lo que necesitan para el día a día. Ella se dedica a la venta de prendas de todo tipo, y dice que tiene muy buena clientela siempre, lo que la ayuda a tener buenos ingresos.
Ella solicita el crédito para la compra de prendas de otoño, pues ya se acerca la estación y quiere surtir su stock. Está agradecida a la fundación y a kiva por la ayuda que esta 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