La Esperanza Group
One of them, Agustina, makes a living selling used clothing. She says her sales are very good because second-hand garments are better all the time, cheaper and more desirable. She's a very hardworking person who wants to continue growing to be able to help her family.
She's requesting this loan to buy clothes to sell so she can continue giving her customers a good variety.
Agustina una de ellas, se dedica a la venta de prendas usadas, comenta ella que sus ventas están muy bien, ya que las prendas de segunda mano están cada vez mejor, ya que son más baratas y son mas preferidas. Ella es una persona muy trabajadora y que quiere seguir creciendo para poder ayudar a su familia.
Solicita de este crédito para la compra de prendas, para poder venderlas y de esa forma seguir dando buena variedad a sus 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