Unidas Para Mejorar Group
Josefina is the president of the group. She works buying and selling clothing and underwear. She has good sales because her customers always place many orders. She says that thanks to her work she helps her family and they improve themselves.
She is requesting this loan to purchase clothing in order to sell them and continue her business.
La señora Josefina es la presidenta del comité, ella se dedica a la compra y venta de ropa y lencería, tiene muy buena venta que sus clientes siempre le hacen muchos pedidos. Ella comenta que gracias a su trabajo ayuda a su familia y salen adelante.
Solicita de este crédito para la compra de prendas, para poder venderlas y de esta forma seguir con su negocio que tanto la está ayudando.
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