Divino Niño Jesús Group
Silvia is a member who claims that thanks to her fellow team members' help and that of the foundation, she has been able to expand her business. She sells silver jewelry and it is going very well, since she has a good number of customers who are always placing orders.
She is requesting a loan to buy jewelry such as rings, chains, bracelets and other items, so she can fill the orders she has.
Silvia es parte del grupo y nos comenta que gracias a la ayuda de sus compañeras y también a la fundación ha podido ir creciendo en sus negocios. Ella se dedica a la venta de joyas de plata, en lo que le esta yendo muy bien, ya que tiene buena clientela que siempre le hace pedido.
Ella solicita el crédito para la compra de joyas, como ser anillos, cadenas, pulseras y demás tipos, con los que podrá cumplir con los pedidos que tiene.
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