One of the members of the group is Blanca, who has an event decoration business. She says she has gained a very good following of customers because she always does a good job and her customers are very satisfied with her work. Her dream is to have a large decoration shop, from which she could continue to meet her customers’ needs.
Blanca is requesting this loan to buy decorative fabrics to better serve her customers. She and her friends are grateful for the opportunity they are being given, because it not only helps them, but their families as well.
Una de las integrantes es la Sra. Blanca quien se dedica a la decoración de eventos. Cuenta que se hizo de muy buena clientela ya que siempre hace muy buenos trabajos y sus clientes quedan muy satisfechos. Su sueño es poder tener un gran local de decoraciones para poder seguir dando a sus clientes lo que necesitan.
La Sra. Solicita de este crédito para la compra de telas para su decoración, lo que le ayudará a dar un mejor servicio a sus clientes. Ella y sus amigas agradecen por la oportunidad que están recibiendo, ya que es ayuda no solo para ellas sino también para sus familias.
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