Elvira is a member of this group and she relates that thanks to the support and training she gets she’s doing better in her business every time. She sells all types of clothes and she says that she has a good clientele that always buys the products she sells.
She’s asking for the loan to buy winter clothes because the cold is approaching and she will have many orders she’ll want to fill.
Elvira es miembro de este grupo, y cuenta que gracias a la ayuda y capacitaciones que recibe le está yendo cada vez mejor en su negocio. Ella se dedica a la venta de prendas de todo tipo, además dice que tiene una buena clientela que siempre compra de ella los productos que vende.
Ella solicita el crédito para la compra de prendas de invierno, ya que se acerca el frío y tendrá muchos pedidos con los cuales quiere poder cumplir.
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