Sra. Leonarda is a widow and works as a teacher in the mornings. In the afternoons, she sells clothing and food. She is a hardworking person who has the drive to succeed. Leonarda is requesting a loan in order to buy clothing. This will enable her to have a good inventory and variety to offer to her customers. She is grateful for the help that she and her friends have received.
La Sra. Leonarda, quien se viuda, se dedica a la docencia en el turno mañana y por la tarde vende ropas y comida. Se ve que es una persona muy trabajadora y con ganas de salir adelante.
Leonarda solicita el crédito para poder comprar ropas, y de esa forma poder tener un buen stock y variedad que ofrecer a sus clientes. Agradece por la ayuda que ella y sus amigas han recibido.
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