Virgen De Los Milagros Group
Cinthia is one of the ladies and she sells clothing. She is a hardworking person with a great desire to continue growing her business. She herself says that the only way to get ahead is to work hard for what she wants.
She is asking for this loan to buy clothing so that she will have a wider assortment and can continue working. This group is grateful for the assistance they receive that allows them to help their families.
Una de ellas es la Sra. Cinthia, quien trabaja en la venta de ropas. Ella es una persona muy trabajadora y tiene muchas ansias de seguir creciendo en su negocio. Ella misma dice que la única forma de salir adelante es trabajando y luchando por lo que uno quiere.
Solicita de este crédito para la compra de ropas, con lo que tendrá más variedad y podrá seguir trabajando. Este grupo agradece por la ayuda que recibe, ya que les permite 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