Julia is one of the members. She is the president of the group, and she says that she puts a lot of effort into helping her friends who have a desire to continue to strive to make progress. She has a business selling all types of garments, and thanks to this, she has been able to get ahead and help her family. At this time, she is requesting a loan to stock up with garments for the upcoming winter, because she wants to be well-stocked so that she can offer a good variety of products to her customers. She thanks the Fundacion, because through this program, her group has been able to improve their lives a lot.
Julia es una de las miembros, ella es la presidenta del grupo y comenta que con mucho esfuerzo siempre ayuda a sus amigas a que tengan ganas de seguir luchando y progresando. Ella se dedica a la venta de prendas de todo tipo, y gracias a este negocio ha podido salir adelante y ayudar a su familia.
Esta vez solicita el crédito para poder surtirse con prendas para este frio, ya que quiere estar bien surtida y de esa forma darle una buena variedad a sus clientes. Agradece a la fundación, ya que por medio de su programa, las miembros han podido mejorar mucho sus vidas.
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