Villa Itaipu Group
Bella is a member of this very united group. She comments that she worked starting at a very young age, and thus she is quite used to struggling and working for her goals. She dedicates herself to buying and selling clothing of all types, which she has done for some time now. It is thanks to this business that she has been able to get ahead and help her family.
She is requesting the loan to buy winter clothing, which will allow her to stock up and to offer more variety to her customers, which will in turn allow her to attract more of them.
La Sra. Bella es miembro de este grupo muy unido, ella comenta que desde muy temprana edad trabaja, por lo que ya esta muy acostumbrada a luchar y trabajar por sus metas. Ella se dedica a la compra y venta de prendas de todo tipo desde hace ya un tiempo, es gracias a este negocio que ella ha podido salir adelante y ayudar a su familia.
Ella solicita el crédito para la compra de prendas de invierno, con lo que podrá abastecerse y dar más variedad a sus clientes y a la vez poder atraer a más de ellos.
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