We can speak about Luz. She’s 49-years-old and has four children; three of them are already independent adults. She’s a very hardworking, enterprising person who comments that she sells merchandise, that is, she has all types of merchandise like clothes, items for the home, shoes and other variety of products.
She’s asking for the loan to buy a variety of clothes and shoes to stock her business with and be able to offer a wider variety to her customers. She’s grateful for the help they are getting.
Podemos hablar de la Sra. Luz, ella tiene 49 años, tiene 4 hijos, de quienes tres ya son mayores e independientes. Ella es una persona muy trabajadora y emprendedora, y nos comenta que se dedica a la venta de mercería, es decir que tiene todo tipo de artículos, como ser ropas, artículos para la casa, calzados y demás variedad de productos.
Ella solicita el crédito para la compra de prendas y zapatos de variedad, con lo cual podrá surtir su negocio, y de esa forma poder ofrecer una mayor variedad a sus clientes. Ella esta agradecida por la ayuda que están recibiendo.
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