Mujeres En Acción Group
One of the members of this group is Mari who sells all kinds of cosmetics of all brands. She started with a few clients, and thanks to her good skills as a saleswoman, her business has been growing and improving every day.
Mari wants to keep working and is therefore requesting this loan because she wants to buy more cosmetics so that she can always be well stocked for her customers.
Una de las miembros de este grupo es la señora Mari, quien se dedica a la venta de todo tipo de cosméticos, y de todas las marcas. Se inicio con unas cuantas clientas, y luego gracias a su buen papel de vendedora fue creciendo y mejorando cada día más.
Ella quiere seguir trabajando y es por ello que solicita el crédito, pues desea comprar más cosméticos y de esa forma estar siempre bien surtida para 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