María is part of this group. She sells cosmetics. Through this work she is able to provide much needed help to her family. She is an enterprising and hard-working person who in spite of the challenges she faces, knows how to overcome them and move forward.
María is requesting this loan to buy various cosmetics. She wants to continue with her sales offering her clients an attractive variety of goods and continue struggling to improve and grow.
María es parte de este grupo, quien cosméticos, y por medio de este trabajo procura para poder ayudar a su familia que lo necesita bastante. Ella es una persona muy trabajadora y por sobre todo emprendedora, que pese a los desafíos que se le presentan sabe sobrellevarlos y salir adelante.
La Sra. Solicita de este crédito para la compra de cosméticos variados, y así seguir con su venta, dar a sus clientas una buena variedad atractiva y seguir luchando por mejorar y crecer.
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