María sells clothes like blouses, shirts, pants, skirts, etc. and the loan made it possible for her to improve her business and acquire more merchandise. Above all, she’s able to pay her children’s schooling costs. She’s asking for the loan to continue stocking up with merchandise to resell to his customers.
La Sra. María, quien se dedica a la venta de ropas como blusas, camisas, pantalones, polleras, etc. mediante el crédito pudo mejorar su negocio, conseguir mas mercaderías y sobre todo puede pagar los gastos educativos de sus hijos.
Solicita el crédito para seguir abasteciéndose comprando mercaderías para volverlos a vender a su clientela.
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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