Villa Armando Group
Petrona is part of the group. She says that she is getting ahead and helping her family through a great deal of sacrifice. She is a very self-sacrificing person, and she works a lot selling the variety of clothes that she has. She says that she carries all types of clothes. This helps her to always offer her customers a good variety.
Petrona is asking for help from the Fundación Paraguaya and Kiva. She wants to be able to buy winter clothes. The cold is coming, and she wants to be able to fill the orders she will have.
Petrona forma parte del grupo, y comenta que con mucho sacrificio está saliendo adelante y ayudando a su familia. Es una persona muy sacrificada y que trabaja mucho vendiendo la variedad de prendas que tiene. Comenta que trae prendas de todo tipo, lo que la ayuda pues siempre ofrece buena variedad a sus clientes.
Petrona pide la ayuda de fundación paraguaya y de Kiva para poder comprar prendas de invierno, ya que se acerca el frío y quiere poder cumplir con los pedidos que tendrá.
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