Kuña Guapa Group
One of these women is Gabriela, who makes a living selling used clothing with her husband and her two children. Thanks to their effort, she and her husband give their children everything they need to have a decent life without the hardships they themselves had to suffer. Gabriela says her business is doing very well; sales of her garments are going up because they're cheaper.
She's requesting this loan to be able to buy more garments to continue giving her customers a good variety.
She's grateful for the help they receive because it's very important to them.
Ella solicita de este crédito para poder comprar más prendas y así seguir dando buena variedad a sus clientes. Agradece por la ayuda que reciben que es muy importante para ellas.
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