Pyapy Mbarete Group
Presentación is the group’s president, sells cosmetics, and has many steady customers who order from her because her cosmetics are of good quality and are not expensive. This is how she becomes known and attracts new customers. Presentación is a very capable and hardworking woman who makes a great effort for her family.
She is asking for this loan to buy cosmetics because she wants to have a good variety to be able to offer to her customers. The group is grateful for the assistance because it helps them to help their families.
Presentación, la presidenta de este grupo se dedica a la venta de cosméticos, y cuenta que muchas clientas siempre le hacen pedidos, ya que sus cosméticos son muy buenos y no son caros, y así se hace de fama y atrae a nuevas clientas. Presentación es una persona muy capaz y trabajadora, que se esfuerza mucho por su familia.
Solicita de este crédito para la compra de cosméticos, pues quiere tener buena variedad para poder ofrecer a sus clientas. El grupo agradece por la ayuda que recibe, pues les permite a la vez ayudar a sus familias.
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