El Progreso Group
Miguela is the president of the bank and she tells us that all the members are getting ahead through great effort and that they all want to grow through their work. She sells secondhand clothing for a living, which goes very well for her because she has a good clientele and because her sales have increased greatly.
She is asking for this loan to buy secondhand clothing, with which she will be able to keep working and offering her customers variety.
Miguela es la presidenta del grupo, y cuenta que ellas con mucho sacrificio están pudiendo salir adelante y desean crecer por medio de su trabajo. Ella se dedica a la venta de ropas de segunda mano, en lo que le va muy bien porque tiene buena clientela porque sus ventas han aumentado mucho.
Solicita el crédito para la compra de prendas de segunda mano, con lo cual podrá seguir trabajando y 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