Virgen De Lourdes Group
One of these women is Mari, who is the president. She has a small store in which she sells all types of products, like foodstuffs, drinks, candy, and more. She comments that apart from her job she always tries to help her friends and encourages them to always continue fighting for their dreams. She is requesting this loan to be able to buy candy, drinks, and more, and in this way continue offering a good variety for her customers.
Una de estas mujeres es la Sra. Mari, quien es la presidenta, ella tiene un copetín donde vende todo tipo de productos, como ser comestibles, bebidas, golosinas y demás. Ella comenta que a parte de su trabajo siempre trata de ayudar a sus amigas y las anima a seguís siempre luchando por sus sueños.
Ella solicita de este crédito para poder comprar golosinas, bebidas y demás, y asi seguir ofreciendo 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