Kuña Guapa Group
Clotilde is part of this group and she comments that she works selling all sorts of clothes. She is a very hardworking person with a great spirit of self-improvement which is why she strives tirelessly in order to improve her and her family’s living conditions. She asks for the loan to buy clothes to stock her locale and attract more customers.
They are grateful for this opportunity they are getting from Fundación Paraguaya and Kiva.
Clotilde es parte de este grupo, y ella nos comenta que se dedica a la venta de prendas de todo tipo. Ella es una persona muy trabajadora y con un gran espíritu de superación, es por ello que lucha incansablemente para poder mejorar sus condiciones de vida y la de su familia.
Ella solicita el crédito para la compra de prendas, con lo cual podrá surtir su local y atraer a más clientes. Ellas agradecen por la oportunidad que están recibiendo de fundación paraguaya y de Kiva.
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