Kokue Poty Group
Fatima is a member of this group. She sells secondhand clothing. Fatima says that she is doing very well since secondhand clothes are frequently requested because people often do not have the money to buy new clothes. She is very pleased with her business and wants to continue investing in it. For this reason, she is requesting a loan so that she can invest in the purchase of clothes that she can resell. This will enable her to continue working.
Fatima es parte de este grupo, quien se dedica a la venta de prendas de segunda mano. Ella nos cuenta que le está yendo my bien, ya que las prendas de segunda mano están siendo más solicitadas, ya que muchas veces las personas no tienen para comprar prendas nuevas. Está muy contenta con su negocio y quiere poder seguir invirtiendo en el, es por eso que solicita de este crédito, para poder invertirlo en la compra de prendas, para poder revenderlas y así seguir trabajando.
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