San Pablo Apostol Group
Pascuala is one of the group members. She’s a merchant. He has a general store stocked with all sorts of things like clothes, housewares, shoes and others. Thanks to the wide variety of goods she always has she’s formed a good clientele that always buys from her.
Pascuala is asking Kiva and Fundación Paraguaya for a loan in order to be able to stock her business with clothes, housewares and other types of products in order to have her store well-stocked.
Pascuala es una de las integrantes del grupo, ella se dedica al comercio, tiene una mercería surtida con todo tipo de artículos, como ser ropas, artículos de bazar, zapatos y demás. Gracias a la variedad que tiene siempre, ya pudo formarse una buena clientela que siempre compra de ella.
Pascuala pide el crédito a kiva y fundacion paraguaya para poder abastecer su negocio con prendas, artículos de bazar y demás tipo de productos para poder tener bien surtido su local.
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