One of these members, Teofila, makes a living selling all types of products by traveling. These include clothing and even food stuffs. The loan that she hopes to obtain will be invested in the purchase of merchandise that have good sales in order to continue increasing her number of customers and also the products that she offers.
Una de las integrantes, la señora Teofila se dedica a la venta ambulante de todo tipo de productos desde ropas, hasta alimentos.
El crédito que desea obtener se re invertirá en la compra de mercaderías que tienen buena venta para asi poder aumentar la cantidad de clientes y también de productos a ofrecer.
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