Mujeres Luchadoras Group
Mercedes is group president. She comments that she sells all brands of cosmetics; she does very well because she has a very good clientele. She is known in her neighborhood because she’s very hardworking and steadfast.
She’s asking for the loan to buy all types and brands of cosmetics to stock up and be able to continue to offer a good variety to her customers.
Mercedes es la presidenta del grupo, y ella nos comenta que se dedica a la venta de cosméticos de todas las marcas, en lo cual le va muy bien, ya que tiene muy buena clientela. Ella es reconocida en el barrio porque es muy trabajadora y luchadora Solicita el crédito para la compra de cosméticos de todo tipo y marcas, con lo cual podrá abastecerse y de esa forma poder seguir ofreciendo una buena 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