Margarita is one of the members. She sells clothing, such as jeans, t-shirts, pants, coats, and other garments. She says she has very good customers because her products are always high quality and well priced.
She is requesting the loan to supply her store with clothing because she wants to stock up, to be able to fill her requests.
Margarita es una de las miembros, ella se dedica a la venta de ropas, como ser jeans, remeras, pantalones, abrigos y demás. Cuenta que tiene muy buena clientela ya que sus productos siempre son de muy buena calidad y a buen precio.
Solicita el crédito para surtir su local con prendas, ya que quiere surtirse, pues tiene 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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