Maria Mercedes Group
Agustina is the group’s president and is a person with a great desire to get ahead and make progress. She motivates her fellow members to continue making an effort to provide their families with everything they can. Agustina says that she sells all types of clothing and gets ahead through this work.
She is asking for a loan to be able to buy different types of clothing so that she can continue giving her customers a good variety.
Agustina es la presidenta de este grupo, ella es una persona con muchas ganas de salir adelante y progresar, motiva a sus compañeras del grupo a poder seguir luchando para poder dar a sus familias todo lo que pueden. Agustina comenta que se dedica a la venta de ropas de todo tipo, y por medio de este trabajo está saliendo adelante.
Solicita de este crédito para poder comprar prendas de toda variedad para poder seguir dando buena variedad a sus clientes.
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