El Manantial Group
Sonia is one of the members of the group and she comments that she sells all kinds of perfume. Thanks to her effort and dedication she’s succeeded in getting ahead and gradually improve her income day to day. She comments that she does very well because she has a very good clientele who always buys the perfume she sells and thanks to that income she’s able to help her family.
She requested the loan to buy perfume both for men and for women to continue working and offering a wider selection to her customers. Sonia, like her fellow members, is grateful for the opportunity for success they are receiving.
Sonia es una de las miembros del grupo, y nos comenta que se dedica a la venta de perfumes de toda clase. Gracias a su esfuerzo y dedicación ha podido salir adelante e ir mejorando sus ingresos día a día. Comenta que le va muy bien ya que tiene muy buena clientela que siempre compra de ella los perfumes que vende, y gracias a esos ingresos puede ayudar a su familia.
Ella solicita el crédito para la compra de perfumes, tanto como para hombres como para mujeres, con lo cual podrá seguir trabajando y ofreciendo mayor variedad a sus clientes. Sonia, como sus compañeras están agradecidas por la oportunidad de progreso que están 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