Las Emprendedoras Group
One of the group members, Cirila, makes a living selling cleaning products, such as air fresheners, soap, detergents, etc. She works extremely hard at her job and leverages all her income to provide for her family.
With the support from this loan, Cirila plans to purchase cleaning products to stock her business. She hopes that this investment will help her to strengthen her business and increase her income and sales.
Cirila es una de las integrantes del grupo, ella se dedica a la venta de producto de limpieza, como ser desodorantes de ambiente, jabones, y demás. Por medio del trabajo que hace su familia está mejorando sus ingresos y están saliendo adelante.
Ella solicita de este crédito para poder invertirlo en la compra de productos de limpieza, y de esa forma poder seguir con sus ventas y mejorar los ingresos que tiene.
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