Las Ponderosas Group
Francisca is a street vendor of all types of products like stockings, shoes, clothes, costume jewelry and others. Thanks to her effort she’s been able to give her family all they need and insure that they have no unmet needs. She’s married to Anastacio and they have five children.
She asked for the loan to buy assorted products to in order to have variety to sell and offer her customers. She comments that her goal is to have a stable business of her own so that she won’t have to wander the streets any longer.
La sra. Francisca se dedica a la venta ambulante de todo tipo de productos, como ser medias, zapatos, ropas, bijouterie y demás. Ella gracias a su esfuerzo ha podido darle a su familia todo lo que necesitan y que no necesiten nada. Ella esta casada con el señor Anastacio tienen 5 hijos.
Ella solicita el crédito para la compra de productos variados, con lo cual podrá tener variedad que poder ofrecer a sus clientes. Ella nos comenta que tiene como meta tener su propio negocio estable y de esa forma no tener que recorrer por las calles.
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