Virgen De Fatima Group
Luz is part of this group. She works selling all varieties of jewelry. She is a very enterprising person with a desire to get ahead through her work. She says that her customers are always placing orders and she brings it to them for a very good price and quality. She is asking for a loan to be able to stock up on more varieties of jewelry such as rings, bracelets, chains and other types of jewelry, since she already has orders that she'd like to be able to fulfill.
Luz es parte de este grupo, ella se dedica a la venta de toda variedad de joyas. Ella es una persona muy emprendedora y con ganas de salir adelante por medio de su trabajo. Comenta que sus clientes siempre le hacen pedidos y ella les trae a muy buen precio y calidad.
Ella solicita el crédito para poder surtirse con más variedad de joyas, como ser anillos, pulseras, cadenas y demás tipos de joyas, ya que tiene también pedidos con los que le gustaría poder cumplir.
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