8 De Diciembre Group
Ramona is one of these ladies. She’s a hardworking woman who puts forth a great effort to help her family. She says that she sells various brands of cosmetics and has very good customers. This has helped her to support her household.
She is asking for this loan to buy various types of cosmetics so that she can offer a greater variety to her customers.
Una de estas mujeres es la señora Ramona, que es una persona muy trabajadora y luchadora, que se esfuerza para poder ayudar a su familia. Comenta que se dedica a la venta de variadas marcas de cosméticos, donde ya tiene muy buena clientela, lo que la ha ayudado a mantener su casa.
Ella solicita el crédito para la compra de cosméticos de variadas clases, con lo cual podrá tener más variedad que ofrecer a sus clientas.
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