Mujeres Unidas Group
One of the members of the group is Felicia. She makes a living selling clothing on foot. She always has a good variety and it has been because of this that she has a good clientele and the means to support her family.
Felicia states that she is requesting this loan to buy all types of apparel in order to stock her business and continue offering her customers the variety that they are used to.
Una de las integrantes del grupo es la Sra. Felicia, ella se dedica a la venta de ropas en forma ambulante, siempre tiene muy buena variedad, y es por eso que está haciéndose de muy buena clientela y con eso tiene los medios para ayudar a su familia.
Cuenta la Sra. Felicia que solicita este crédito para la compra de prendas de todo tipo, para poder surtir su negocio y seguir dando a su clientela la variedad a la que están acostumbrados.
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