Las Amigas Group
One of the members, Blanca, works in the sale of second-hand clothes for men and women. Blanca already has a regular customer base as she sells her clothes at a low and accessible price. The loan she is seeking will be used to buy a larger volume of goods in order to offer a wider variety of clothes, and thereby increase sales.
Una de las integrantes, la señora Blanca se dedica a la venta de ropas usadas tanto para mujeres como para hombres, la señora ya cuenta con una clientela frecuente ya que sus prendas son vendidas a una precio bajo y accesible.
El crédito solicitado sería destinado a la compra de mayor cantidad de mercaderías para de esa forma poder ofrecer mayor variedad de ropas y con eso aumentar sus ingresos.
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