San Damian Group
Marta is the group's president. She told us that she sells all types of garments. With hard work and sacrifice, she has supported herself and continues to make progress. She says her dream is to have a larger space, where she can offer a wider variety of clothing to her clients.
She requests the loan to buy garments, with which she will restock and in this way be able to maintain her income and support her family. She, like the rest of the group, is grateful to the foundation for the opportunity.
Marta es la presidenta del grupo, y nos comenta que se dedica a la venta de prendas de todo tipo y que gracias a su arduo trabajo y sacrificio ha logrado salir adelante e ir progresando. Comenta que su sueño es poder tener un local grande donde pueda tener más variedad de ropas para poder ofrecer a sus clientes.
Ella solicita el crédito para la compra de prendas, con las cuales quiere surtirse y de esa forma poder seguir teniendo los ingresos para mantener a su familia. Ella, como el grupo agradecen a la fundación por la oportunidad recibida.
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