San Roque Group
One of the members is Ramona who sells second-hand clothes. She comments that this business has helped her give her family what they need day to day. She comment that selling second-hand clothes is on the rise because it’s more economical for people and this helps her to have good customers.
She requests the loan to be able to stock up on more clothes because winter is approaching and she wants to be able to have more variety of clothes available for her customers.
Una de las miembros es la señora Ramona, quien se dedica a la venta de prendas de segunda mano, comenta que este negocio le está ayudando a darle a su familia lo que necesitan para el día a día. Cuenta que la venta de prendas de segunda mano va en ascenso, pues es más económico para las personas y eso le ayuda a tener buenos clientes.
Ella solicita el crédito para poder surtirse con más prendas, ya que se viene el invierno y quiere poder darles a sus clientes una mayor variedad de productos.
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