Las Chicas Superpoderosas Group
Maria is one of the group members, who makes a living selling jewelry. Her sales continue to improve because she always has quality products which allow her to attract more clients.
She has requested the loan to buy all kinds of jewelry, like chains, bracelets, rings and other items. She is thankful to the communal bank and to Kiva for the opportunity that she is receiving.
La sra. Maria es una de las miembros del grupo, quien se dedica a la venta de joyerias. Sus ventas cada vez van mejor ya que siempre tiene muy buena calidad de productos y es gracias a ello que atrae a más clientes.
Ella solicita el crédito para la compra de todo tipo de joyas, como ser cadenas, pulseras, anillos y demás. Agradece a la fundacion y a kiva, por la oportunidad 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