Por Siempre Group
Florinda is one of these women fighters. She tells us that through the clothes that she sells, she has been able to help her family get ahead as her business helps her cover the daily household expenses. One of her dreams is to have a big clothing store where she can offer her customers all types of clothing.
She is asking for a loan in order to buy summer clothing, so she can be ready for the requests her clients make in this hot season. She is thankful to the foundation and to Kiva for the opportunity that they give her, as each time she comes closer to her dream.
Florinda es una de estas mujeres luchadoras, ellas nos cuenta que por medio de las prendas que vende, ella ha podido ayudar a su familia y salir adelante, su negocio también la ayuda a cubrir los gastos que diariamente surgen en la casa. Uno de sus sueños es tener una gran tienda de ropa donde pueda ofrecerle a sus clientes todo tipo de prendas.
Ella solicita el crédito para la compra de prendas de verano, con lo cual podrá estar preparada para la demanda de sus clientes en esta época de calor. Ella agradece a la fundación y a kiva por la oportunidad que le dan, pues así está cada vez más cerca de su sueño.
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