Divino Niño Jesus Group
One of the members is Magdalena, who sells furniture. She says that through her work she makes enough income to help her family with the daily necessities. She has a great desire to make progress and be a better person in life.
Magdalena is asking for this loan to buy furniture and mainly wooden toys to sell, which will help her to set up her business plan which in turn will help her to improve her income.
Una de las integrantes es la Sra. Magdalena, es vendedora de muebles, y comenta que por medio de su trabajo ayuda a su familia teniendo los ingresos necesarios para el día a día. Ella es una persona con grandes ganas de progresar y ser alguien mejor en la vida.
La Sra. Magdalena Solicita de este crédito para la compra de Muebles y juguetes de madera en general, para poder venderlos, lo que le ayudará a tener a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos.
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