San Vicente Group
Angelina is part of this group and she tells us that she sells all kinds of used clothing for a living. It is going very well for her, as used clothing has been in high demand lately. Her dream is to be able to have a big used clothing store, which will allow her to keep helping her family.
She is asking for this loan to buy used clothing, which will allow her to stock her business and offer her customers a nice variety.
Angelina es parte de este grupo y comenta que se dedica a la venta de prendas usadas de todo tipo, en lo que le está yendo muy bien, ya que las prendas usadas son muy solicitadas últimamente. Su sueño es poder tener una gran tienda de prendas usadas y de esa forma poder también seguir ayudando a su familia.
Solicita el préstamo para la compra de prendas usadas, con las cuales podrá surtir su negocio y dar buena 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