Esperanza 1 Group
Maria is a member of the group. She tells us that she sells all types of clothes. She says that starting out was a little difficult. Then she got a little experience, and it became a little easier for her. She now has very good clientele and good sales. It is going very well for her.
She is requesting the loan to buy all types of clothes. She will be able to stock up with the clothes, and this way she will be able to continue offering a variety to her customers.
Maria es miembro del grupo, y ella nos comenta que se dedica a la venta de prendas de todo tipo. Cuenta que al empezar le ha sido un poco difícil, pero que después ya gano un poco de experiencia y que luego ya le fue un poco más fácil. Ahora ya tiene muy buena clientela y buena venta, y le está yendo muy bien.
Ella solicita el crédito para la compra de prendas de todo tipo, con lo cual podrá surtirse y de esa forma poder seguir ofreciendo variedad a sus clientes.
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