Florencia is the president of the group. She says that the group always strives to get ahead and also help in their community as much as they can. Florencia sells Avon perfume. She fills orders and later her customers pay her. She says she always has good sales and orders. She is asking for the loan to buy perfume so that she can fill some customers' orders.
Florencia es la presidenta del grupo, ella cuenta que su grupo siempre se esfuerza por sobresalir y también tratan de ayudar a su comunidad en todo lo que pueden. Florencia vende perfumes de la marca Avon, que trae sobre pedido y luego sus clientes le pagan, comenta que siempre tiene buena venta y pedidos.
Ella solicita el crédito para la compra de perfumes, con lo que podrá cumplir con los pedidos de 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