Mujeres Pedrozeñas Group
Cynthia is part of this group and she sells jewelry. She says that at the start it was very difficult to begin, but that later the road began opening and nowadays she has a good customer base who always place orders and with which she is growing.
She is requesting this loan to be able to invest it in the purchase of jewelry and in this way be able to continue investing in her business. Her goal is to be able to have a big jewelry shop and that is why she is fighting.
Cynthia es parte de este grupo, y se dedica a la venta de joyas, comenta que al principio le fue muy difícil empezar, pero que después ya fue abriéndose camino y hoy en día ya tiene una clientela bien formada que siempre le hace pedidos y con los cuales ella está creciendo.
Solicita de este crédito para poder invertirlo en la compra de joyas y de esa forma poder seguir invirtiendo en su negocio. Su meta es poder tener una gran joyería y es por eso que esta luchando.
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