One of the members, Nidia, is requesting a loan to buy perfumes, which is the business she is in to get ahead. She says she has many customers and, thanks to this, she is helping her family.
She is very grateful for this support which will be very useful to her.
Nidia es una de las miembros, ella solicita de este crédito para poder invertirlo en la compra de perfumes, ya que por medio de este negocio está saliendo adelante, también cuenta que ya tiene muy buena clientela y que gracias a esto está ayudando a su familia.
Esta muy agradecida por esta ayuda que está recibiendo, que les será muy útil.
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