Belen Poty Group
Señora Feliciana works selling clothing and other items. She has a kiosk. She comments that thanks to her business, she has been able to help her family improve its finances.
She is applying for the loan to buy articles of clothing of all types, with which she will stock her kiosk and offer a greater variety to her customers.
L de la Sra. Feliciana se dedica a la venta de ropa, chancho y a demás tiene un kiosco, nos comenta que gracias a su negocio ha podido ayudar a su familia y mejorar su economía.
Ella solicita el crédito para la compra de prendas de todo tipo, con lo cual poda surtirse y ofrecer mayor variedad a sus clientes
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