Sosa Kue Group
Blanca is one of the members. She sells costume jewelry like bracelets, necklaces, and earrings. They are very pretty and creative, and she sells them at a price that is accessible for women who like to dress well.
The requested loan will be to invest in her own business by purchasing thread, various colors of glass beads, and charms, etc.
Una de las integrantes la señora Blanca se dedica a la venta de Bijouteries como pulseras, collares, aros muy lindos, creativos a un precio accesible para las mujeres que les gusta vestir bien.
El crédito solicitado sería para re invertir en su propio negocio comprando hilos, canutillos de varios colores, dijes, etc.
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