San Antonio Group
One of the members is Señora Gloria. She tells us that she is dedicated to the sale of all kinds of clothing, such as Tshirts, undershirts, pants and other types of garments. Thanks to her effort and work, in addition to her good salesmanship, she has been able to do well and help her family. She requests the loan to purchase summer clothing with which she will be supplied and thus be able to offer more variety to her clients. She thanks the foundation and kiva for the opportunity that they are giving her.
Una de las miembros es la señora Gloria, ella nos comenta que se dedica a la venta de todo tipo de prendas, como ser remeras, camisetas, pantalones y demás tipos de prendas. Gracias a su esfuerzo y trabajo y sumado a la buena forma de vender que tiene, ha podido salir adelante y ayudar a su familia.
Ella solicita el crédito para la compra de prendas de verano con las cuales podrá abastecerse y darle más variedad a sus clientes. Agradece a la fundación y a kiva por la oportunidad que les está dando.
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