Bello Horizonte Group
The president of the group, Teresa, is a woman who aspires to get ahead and fights for her family. This is why she gives it her all, so she can offer them a life without hardship. She sells all kinds of clothing and has a good clientele.
With the goal of offering more variety to her clients, she is requesting a loan from Kiva and Fundacion Paraguaya so she can stock up on more clothing.
Teresa, es la presidenta del grupo, ella es una mujer con muchas ganas de salir adelante y de luchar por su familia, es por ellos que siempre se esfuerza al máximo para darles todo lo que necesitan para una vida sin privaciones. Ella se dedica a la venta de prendas de todo tipo, en lo que ya tiene muy buena clientela.
En vistas a tener mayor variedad para ofrecer a sus clientes, ella solicita el crédito a Kiva y fundación paraguaya, para que pueda surtirse con más prendas para vender.
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