Lourdes, one of the members, sells all types of clothing. She says that she has a good variety and because of this she has been able to get ahead and help her family. Lourdes' goal is to have a great business and in this way be able to keep working.
Lourdes is asking for this loan to buy all kinds of clothing and she can keep working and have the means to help her family.
Lourdes, una de las miembros, se dedica a la venta de prendas de todo. Comenta que tiene muy buena variedad de prendas y gracias a eso esta saliendo adelante y ayuda a su familia. La meta de Lourdes es poder tener un gran negocio y de esa forma poder seguir trabajando.
Lourdes solicita de este crédito para la compra de prendas de todo tipo, y de esa forma poder seguir trabajando y teniendo los medios para ayudar a su familia.
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