Mujeres Progresistas Group
One of the bank's members, Sra. Diana, knows what's required to run a business. She is flexible, but also very precise. She tells us that she runs an ice cream sales business and adds that the hot climate here has contributed to her success.
Sra. Diana is applying for a loan that she will use to buy different flavors of ice cream. The investment will allow her to stock up for what will soon be the hottest part of the year.
La Sra. Diana es una de las miembros, siempre sabe llevar bien adelante su puesto ya que es muy estricta y a la vez comprensiva, ella cuenta que se dedica a la venta de helados de todos los sabores, cuenta que gracias a que el clima es siempre cálido esta siempre con muchas ventas y buena clientela.
Ella solicita el crédito para la compra de helados de diferentes sabores, con lo cual podrá tener una buena variedad, ya que se acerca el tiempo donde hace más calor y quiere estar preparada.
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