Mujeres Unidas Group
Maria, the president of the group, sells all types of perfume. It is going very well for her because she has very good clientele. She always offers her customers a good variety and good prices.
Maria wants to continue earning through her business. That is why she is requesting the loan to buy all types of perfume. She will use the perfume to stock up and to have a good variety to offer her customers. She is grateful for the help that she is receiving from Kiva and the Fundación Paraguaya.
Maria, la presidenta del grupo, se dedica a la venta de perfumes de todo tipo, en lo cual le va muy bien, ya que tiene muy buena clientela, pues ella siempre ofrece buena variedad y buen precio a sus clientes.
Maria quiere seguir ganando por medio de su negocio, y es por ello que solicita el crédito para la compra de perfumes de todo tipo, con lo cual quiere surtirse y tener una buena variedad que ofrecer a sus clientes. Agradece por la ayuda que está recibiendo de Kiva y de Fundación Paraguaya.
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