San Blas Group
One of the group members is Sra. Carmen. She has five children and is married to Sr. Aurelio. Carmen has been selling clothes for several years. Thanks to the work she and Don Aurelio have done, they have been able to help their children and provide them with what they need to have a full life.
Carmen is requesting this loan so that she can buy all types of clothing in order to offer a wide variety to her customers. She knows that this will also help her to attract more customers.
Una de las integrantes del grupo es la Sra. Carmen, ella tiene 5 hijos, está acompañada con el Sr. Aurelio y ella se dedica hace varios años a la venta de ropas. Gracias a este trabajo ella y Don Aurelio se ayudan y dan a sus hijos lo que necesitan para una vida sin necesidades.
Ella solicita de este crédito, para la compra de prendas de todo tipo, y así dar buena variedad a sus clientes, ya que sabe que por medio de eso podrá atraer a más clientes.
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