1º De Noviembre Group
María Zunilda, the chairperson, sells second-hand clothing as a street vendor. She says that her work involves a great deal of sacrifice, but that all of the effort she makes is to give her family everything that they need.
She is requesting the loan in order to buy second-hand clothing, with which she will be able to continue selling, and helping her family.
María Zunilda, la presidenta, se dedica a la venta ambulante de prendas de segunda mano, cuenta que su trabajo es muy sacrificado, pero que todo su esfuerzo lo hace para dar a su familia todo lo que necesitan.
Solicita el crédito para la compra de prendas de segunda mano con lo cual podrá seguir vendiendo y ayudando a su familia.
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