Blanca is the president of the group, and she tells us that she works doing event decorations. She provides decorations for all kinds of events, such as birthdays, parties and more, and she comments that things are going very well for her as she has a very good customer base.
She is requesting the loan to be able to invest it in her work. She wants to buy fabric, wide ribbons, balloons, etc., as these are the supplies that she uses most in her work.
Blanca es la presidenta del grupo, y nos comenta que se dedica a la decoracion, ella decora todo tipo de eventos, como ser cumpleaños, fiestas y demás, y comenta que le va muy bien, por que tiene ya muy buena clientela.
Ella solicita el crédito para poder invertirlo en su trabajo, quiere comprar telas, cinta ancha, globos, etc, pues estos son los insumos que más usa para su trabajo.
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