Dulce Esperanza Group
María Ángela has a general store where she sells all types of products like clothes, household items, footwear, etc. She says that thanks to the variety she has she can offer her customers a wide selection of products they need and this is why she does very well.
She requests the loan to buy footwear, household items, etc. to continue stocking her store. She thanks Kiva and Fundación Paraguaya for the opportunity they give them.
Maria Angela tiene una mercería donde vende todo tipo de productos, como ser prendas, artículos de bazar, calzados, etc. Cuenta que gracias a la variedad que tiene puede dar a su clientela gran variedad de productos que necesitan, es por eso que le va muy bien.
Ella solicita el crédito para la compra de calzados, artículos de bazar, etc., con lo que podrá seguir surtiendo su negocio. Agradece a Kiva y fundación Paraguaya por la oportunidad que reciben.
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