Maria Auxiliadora Group
Now the group is in the third cycle of the Comité de Mujeres Emprendedoras de la Fundación Paraguaya's program. It is made up of 22 members who all invest in different activities.
Higinia Céspedes is a seamstress. She has been a seamstress since she was very young. She makes clothes of all types, for example suits for women, pants, uniforms, wedding gowns, etc.
She is requesting this loan to invest in buying materials like fabrics and thread to use in making clothes.
Actualmente el comité se encuentra en el tercer ciclo del programa Comité de Mujeres Emprendedoras de la Fundación Paraguaya y esta conformado por 22 integrantes las cuales invierten en distintas actividades.
La señora Higinia Céspedes es costurera, se dedica desde muy joven a esta actividad, ella confecciona ropas de todo tipo como trajes para damas, pantalones, uniformes, vestidos para novias y otros.
Ella solicita el préstamos para invertir en la compra de insumos tales como telas e hilos para la elaboración de sus prendas.
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