Vicenta is the group president. She says that she sells all types of plants. Vicenta offers a wide variety of plants that are requested by many people. Thanks to her efforts, she has been able to move forward and help her family. The loan she is requesting will be used to buy wild plants, which will provide greater variety that she can sell to her customers.
Vicenta es la presidenta del grupo, y ella nos comenta que se dedica a la venta de todo tipo de plantas. Comenta que tiene una gran variedad de plantas que son solicitadas por muchas personas. Gracias a su esfuerzo ha logrado salir adelante y de esa forma poder ayudar a su familia.
Ella solicita el crédito para la compra de plantas silvestres, con lo cual podrá tener más variedad que poder ofrecer a sus clientes para la venta.
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