Mujeres Emprendedoras Group
Patricia is a member of this group and says that she has been helped a lot since not only did her business grow but she did as well since interacting with other people is something very valuable. Patricia sells clothing and needs a loan to buy summer clothes since the season is approaching and she would like to have variety of items to offer her customers.
Patricia, miembro de este grupo, comenta que le han ayudado mucho, ya que no solo creció en su negocio, sino también como persona, ya que la interacción con las demás personas es algo muy valioso. Patricia vende prendas, y solicita el crédito para comprar ropas de verano, ya que se acerca el calor y quiere poder tener buena variedad que poder ofrecer 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