San Cayetano Group
Gisel is a member of this hard-working group. Her business is selling all types and brands of cosmetics. She says that she has gradually grown her business through her own hard work and that she now has a very good customer base. She is requesting this loan to buy cosmetics. This will enable her to continue working and continue offering a good variety of products to her customers.
Gisel es parte de este trabajador grupo, ella se dedica a la venta de cosméticos de todo tipo y marca. Cuenta que ella ha ido creciendo de a poco por medio de su sacrificio y que hoy en día ya tiene muy buena clientela. Pide de este crédito para la compra de cosméticos, con lo cual podrá seguir trabajando y seguir dando buena variedad a sus clientas.
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