Mujeres Unidas Group
Norma sells second-hand clothing of all types. She says that her sales have gotten better, since people see second-hand clothing as a good alternative, and she always offers good clothing at good prices. She also says that she would like to continue expanding and in this way be able to help her family.
She has approached the foundation and Kiva to request a loan. She wants to invest the money into second-hand clothing so that she can have a good stock of merchandise to offer her customers.
Norma se dedica a la venta de prendas usadas de todo tipo, comenta que la venta ha ido mejorando gracias a que las personas ven en las prendas de segunda mano una buena alternativa, ya que ella siempre tare muy buenas prendas a muy buen costo. Ella comenta que le gustaría poder seguir creciendo y de esa forma ayudar a su familia.
Acude a la fundación y a Kiva para solicitar un préstamo, el cual desea invertir en la compra de prendas de segunda mano con lo cual podrá tener un buen stock de mercaderías que poder 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