Kuña Guapa Group
Isabel is a member of this group and says that she sells used clothing of all types. She has done very well since lately there has been plenty of demand for secondhand clothing because it is more affordable. Isabel wants to continue working, so she is requesting a loan in order to buy clothes. She will be able to continue her work and offer variety to her customers.
Isabel forma parte de este grupo y ella nos comenta que se dedica a la venta de ropas usadas de todo tipo, en lo cual le va muy bien, ya que la ropa de segunda mano es muy solicitada últimamente porque es más económica. Isabel quiere seguir trabajando y es por ello que solicita el crédito para la compra de prendas, con lo cual podrá seguir trabajando y ofreciendo variedad a 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