Agustina, one of the members, says that she sells perfumes and lingerie. She says that she found things difficult at first, but later on she was able to break through and build up a good clientele to help her generate income to cover her daily expenses. Agustina wants to continue working so that she can help her family. For this reason, she is requesting a loan in order to buy more perfume so that she can have a wider variety to offer to her customers.
Agustina, una de las miembros, comenta que vende perfumes y lenceria. Cuenta que al principio le fue muy difícil, pero luego se abrió camino y se gano una buena clientela para poder cubrir los gastos del día a día por medio de sus ingresos. Quiere seguir trabajando, y de esa forma seguir ayudando a los suyos, es por ello que solicita el crédito, para la compra de más perfume, con lo cual podrá tener una buena variedad que 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