All the women in this group are very hardworking and entreprenurial, one of them is Blasida, she works selling clothing. Blasida has done this for some time now and is growing slowly thanks to her work and the help from her group.
She requests a loan to buy clothing of all types to be able to stock her business and provide variety to her clients.
Todas las mujeres de este grupo son muy trabajadoras y emprendedoras, una de ellas es Blásida, quien se dedica a la venta de ropas. Blásida hace esto hace ya un tiempo, y está creciendo de a poquito gracias a su trabajo y a la ayuda a la ayuda de su grupo.
Solicita de este crédito para la compra de prendas de todo tipo para poder surtir su stock y 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