Mujeres Sabias Group
María forms part of the group; she sells all types of cosmetics. She comments that she already has a good clientele that always buys the products she brings.
Her dream is to be able to have a locale in which to sell all the products and to continue growing this way. She’s asking for the loan to buy cosmetics to have a good amount and variety of products to offer her customers.
Maria forma parte del grupo, ella se dedica a la venta de cosméticos de todo tipo, comenta que ya tiene una buena clientela que siempre compra de ella los productos que trae. Su sueño es poder tener un local donde vender todo tipo de productos y de esa forma seguir creciendo. Ella solicita el préstamo para la compra de cosméticos, con los cuales podrá tener una buena cantidad de productos y variedad que ofrecer 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