Lorena is one of the group members. She sells lingerie and by means of this activity is able to support her family although expanding the business would mean a still better life. She’s asking for the loan to buy lingerie like bras, teddies and bustiers for subsequent sale.
La sra. Lorena, una de las integrantes del grupo, se dedica a la venta de lencerías, con esta actividad ella logra mantener a su familia aunque igualmente acrecentar el negocio le haría tener una vida aún mejor.
Solicita el crédito para la compra de lencerías como sostenes, camisolines, corpiños, para la posterior venta de estos.
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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