Mujeres Emprendedoras Group
Lorena is a member of this group. She makes a living by selling clothes. She works everyday since very early in the morning and she doesn't let pass any opportunity to grow. She sees her participation in this group as a great opportunity for her and her family.
Lorena is asking for this loan to buy garments to expand her offer. All group members are happy because each one of them has been able to improve in their activity.
Lorena, quien es parte de este grupo, se dedica a la venta de ropa. Trabaja todos los días desde muy temprano, y no desaprovecha cualquier ocasión para poder ir creciendo. Ve una gran oportunidad para ella y su familia al formar parte de este grupo.
Solicita del crédito para la compra de prendas, para tener una mejor variedad y poder ofrecerle a sus clientes. Las miembros están contentas porque han podido ir mejorando mucho en lo que cada una hace.
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