Virgen De Fátima Group
Noella, the president, works for the unity of her group, at the same time that she also sells clothing. She is a person who shows a great spirit of leadership, since she wants to be able to help her friends.
She is applying for this loan to buy clothing, so that in this way she can have a good variety to offer her customers.
All the members are happy to form part of the group, since they learn many things, among them, to value one another.
Noelia la presidenta, lucha por la unión de su grupo, a la vez que también hace sus ventas de ropas, es una persona que muestra un gran espíritu de liderazgo, pues quiere poder ayudar a sus amigas.
Solicita de este crédito para la compra de prendas, para que de esa forma pueda tener una buena variedad que ofrecer a sus clientas y clientes.
Todas las miembros están contentas por formar parte del comité, pues aprenden muchas cosas, entre ellas valorarse las unas a las otras.
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