Santa Catalina Group
Juliana is a member of the group. She is president and tells us that because the group members are so close, they are easily getting through each cycle as they move forward. Juliana sells all kinds of cosmetics, all of which are recognized brands, and with this income she supports her family. She describes herself as a hard-working person and a fighter.
Juliana wants to continue building her business, so she is seeking a loan so that she can buy more cosmetics to ensure that she always has a good stock of a variety of products for her customers.
Juliana, es miembro de este grupo, ella es la presidenta y nos cuenta que su comité es muy unido, y que gracias a esa unión están pasando muy bien cada ciclo que dejan atrás. Ella se dedica a la venta de todo tipo de cosméticos y de todas las marcas, con lo que mantiene a su familia. Ella misma se define como una persona muy trabajadora y por sobre todo luchadora.
Juliana quiere seguir invirtiendo en su negocio, y es por eso que pide un crédito, que quiere invertirlo en cosméticos, ya que quiere estar siempre surtida con buena variedad para 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