Sra. Agustina has a shop where she sells all types of merchandise (otherwise known as a bazaar). She offers clothing, perfumes, shoes, and other products. Agustina says that she has very good customers because she always maintains a good variety, which helps to attract business. The loan she is requesting will be used to restock her shop with shoes, garments, bazaar products, and other items. This will help her continue attracting more customers.
La Sra Agustina se dedica a la venta de mercería, donde vende todo tipo de productos, como ser de bazar, ropas, perfumes calzados y demás. Comenta que tiene muy buena clientela ya que siempre tiene una buena variedad y por ello atrae a los clientes.
Ella solicita el crédito para poder abastecer su local con calzados, prendas, artículos de bazar y demás, para que de esa forma pueda seguir atrayendo a más 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