One of the group’s members is Mrs. Odilia, who has been selling clothes as a street vendor for several years now. With this job, she has been able to grow and give her family everything they need to have a decent life without privation.
Mrs. Odilia says that she is requesting a loan to invest in buying all kinds of garments. She stands out because she always has a good assortment and she wants to continue doing so in order to offer her customers a wide variety and be able to continue with her business.
Una de las integrantes del grupo es la Sra. Odilia, ella se dedica hace varios años a la venta de ropas en forma ambulante. Y con este trabajo ha ido creciendo y dando a su familia lo que necesitan para tener una vida digna y sin privaciones.
Cuenta la Sra. Odilia que solicita este crédito para poder invertirlo en la compra de prendas de todo tipo, ya que siempre la destaca que tiene de todo y quiere poder seguir así para dar una buena variedad a sus clientes y seguir trabajando.
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