Mujeres Alegres Group
Ms. Florentina is the President of the committee, she has a canteen where she sells all kinds of products and thanks to her small business, she has been able to help her family with the income they need. Ms. Florentina's goal is to be able to grow her business and to have more products. She is asking for a loan to purchase drinks, sweets, cookies and more which she will use to stock her store.
La señora Florentina es la presidenta del comité, ella cuenta con una cantina, donde vende todo tipo de productos, y es gracias a su pequeño negocio que puede ayudar a su familia con los ingresos que necesitan. La meta de Florentina es poder agrandar su negocio y tener mayores productos.
Solicita el crédito para la compra de bebidas, golosinas, galletitas y demás, con los que podrá abastecer y surtir su negocio.
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