Mujeres Unidas San Miguel Group
One of the members, Lizza has a small business where she sells clothes and shoes for women and children. She is very active and responsible.
The requested loan would help her to buy a greater quantity of merchandise so she can invest in her business, which grows every time she receives help from a loan.
Una de las integrantes, la señora Lizza posee un pequeño negocio donde vende ropas para mujeres y niños y calzados. La señora es muy activa y responsable.
El crédito pedido sería para comprar mayor cantidad de mercaderías y de esa forma poder re invertir en su negocio que va creciendo cada vez que recibe la ayuda del crédito.
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