Flor Del Pilar Group
Nancy’s story is a very good one. She sells cleaning products, thanks to the loans she got in previous cycles. She says that the loans helped her improve her business, quality of life, and income.
She is asking for a new loan in order to buy cleaning products and other merchandise. In this way she can have a variety of items to offer her customers.
Una historia muy conmovedora es la de la Sr: Nancy quien se dedica a la venta de productos de limpieza, y mercería esto gracias al créditos que se le otorgaron en los ciclos, nos comenta que mediante los créditos pudo mejorar su actividad y su nivel de vida e ingreso económico.
Solicita de este crédito nuevamente para poder utilizarlo en la compra de productos de limpieza y también de mercería, así tendrá mucha variedad que poder ofrecer 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