Sra. Nelida, 53, owns a commerical business. She and her husband, Sr. Leonor, a construction worker, have 5 children. She says that she sells clothing of all kinds and that she's successful because she her customers come back to her again and again.
Sra. Nelida is applying for a loan to buy merchandise appropriate for summer. The loan will allow her to stock her business and meet future demand from her customers. Her goal is to open a fruit and vegetable sales business in a high-traffic zone.
La Sra Nelida es comerciante, tiene 53años, esta casada con el sr Leonor quien es Contratista de Obras, juntos tienen 5 hijos. La señora Comenta que se dedica a la venta de prendas de todo tipo, en lo cual le va muy bien por que ya tiene una clientela bien definida.
Ella solicita el crédito para la comprar prendas de verano, lo cual la ayudara a abastecerse y cumplir con sus clientes. Su meta es poner un local de ventas de verduras y frutas en un lugar estrategico.
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