Los Angeles Group
Alicia, one of the members of this group sells cosmetics of all types. She is a very good saleswoman and thanks to that she is getting ahead and is doing well. Alicia is happy to form part of the group since it is of much help to them.
She requests this loan to be able to purchase cosmetics and therefore continue giving good quality products to her customers.
Alicia, una de las integrantes de este grupo se dedica a la venta de cosméticos de todo tipo. Ella es una muy buena vendedora y gracias a eso está saliendo adelante y le está yendo bien. Alicia está contenta por formar parte del grupo, ya que les está siendo de mucha ayuda.
Solicita de este crédito para poder comprar cosméticos y así seguir dando productos de gran calidad 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