San Jose Group
Ambrosia is one of the members of this group. She earns a living as a street vendor, that is, she sells sheets, blankets, duvets/ comforters, bedspreads and other items in ambulatory fashion. She comments that her work is very demanding, since she must travel through the streets in order to be able to sell the products she has, whether it's hot or cold out.
She is seeking the loan in order to purchase sheets, duvets/ comforters, bedspreads and other items, with which she will be able to supply her business and thus be able to have more products to offer her customers.
Ambrosia es una de las miembros de este grupo, ella se dedica al macate, es decir, vende sabanas, frazadas, edredones, colchas y demás, en forma ambulante. Comenta que es muy sacrificado su trabajo, pues debe recorrer las calles para poder vender los productos que tiene, haga frío o calor.
Ella solicita el crédito para la compra de sabanas, edredones, colchas y demás, con lo que podrá abastecerse y de esa forma poder tener más productos que ofrecer a sus clientes.
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