Niño Jesus Group
María is the president of the group. She tells us that she always tries to motivate her fellow members to do their best, and in this way be able to overcome the challenges that they face. María sells second-hand clothing, and her business is going very well, as these items are in much demand.
She is seeking the loan in order to buy more second-hand clothing, which will allow her to offer greater variety to her customers.
María es la presidenta del grupo, y nos cuenta que siempre trata de motivar a sus compañeras del grupo a ser mejores y a que, de esa forma vayan superando los desafíos que se presentan. María se dedica a la venta de prendas de segunda mano, en lo que le está yendo muy bien, ya que están siendo muy solicitadas estas prendas.
Ella solicita el crédito para la compra de prendas de segunda mano, las cuales podrán seguir ofreciendo una mejor 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