La Alegría Group
Virginia is president of the group and says that she always tries to help the members, motivate them, and urge them to be able to continue working and getting ahead. She sells all types of clothing- winter and also summer- and thanks to her work is getting ahead and in this way helping her family.
She is requesting the loan to buy general clothing since in this way she will be able to continue working and fulfilling her customers' demands.
Virginia es la presidenta del grupo, y cuenta que siempre trata de ayudar a sus compañeras, las motiva y les insta a poder seguir trabajando y saliendo adelante. Ella vende todo tipo de prendas, de invierno y también de verano y gracias a su trabajo está saliendo adelante y de esa forma ayuda a su familia.
Ella solicita el crédito para la compra de prendas en general, ya que de esa forma podrá seguir trabajando y cumpliendo con los pedidos de 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