Rosa Mistica Group
Señora Florentina is one of the members of Rosa Mística. She sells charcoal and notes that business is always improving as charcoal is widely available and her customers prefer it.
Señora Florentina is accustomed to making sacrifices and striving to boost her income and improve her life. She joined Rosa Mística with hopes of achieving growth and improving her life. She hopes to open her own business some day and also to be able to provide help to others.
Señora Florentina is applying for this loan so that she can purchase charcoal, which will help her meet her business plan and thus boost her income. Señora Florentina is grateful for the assistance that she's receiving as it represents a great opportunity for her and her colleagues in Rosa Mística.
Una de las integrantes es la Sra. Florentina, quien se dedica a la venta de carbón, comenta que le está yendo cada vez mejor, pues el carbón es más accesible y sus clientes lo prefieren. Ella es una persona muy sacrificada y está luchando por mejorar su vida y sus ingresos. Se unió al grupo con la esperanza de ir creciendo y mejorando tiene el deseo de poder tener algún día un negocio propio y así también poder ayudar a otras personas.
La Sra. Solicita de este crédito para la compra de carbón, lo que le ayudará a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos. Agradece por esta oportunidad que está recibiendo, ya que es una gran oportunidad para ella y sus compañeras.
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