San Francisco Group
Lilian, the president of the group, tells us that she has a general store where she sells all kinds of articles, such as clothes, footwear, knick knacks, stationary and more. Her business has had a lot of success because she has a good variety of products, and that helps a lot. She requests a loan to be able to supply her store with garments and footwear, and in that way to continue having a good assortment in her business, which is the sole means of earning a living for her family.
Lilian, la presidenta del grupo, nos comenta que tiene una mercería donde todo tipo de artículos, como ser ropas, calzados, artículos de bazar, librería y demás. Su negocio tiene mucho éxito porque tiene mucha variedad de productos, y eso la ayuda mucho.
Solicita el crédto para poder abastecer su local con prendas y calzados, y de esa forma seguir teniendo bien surtido su negocio, el cual es el medio de sustento de su familia.
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