Today, this group is in excellent condition. Its members are responsible and keep their payments punctual to avoid troubles with the foundation. They all have their own business. They work jointly and together and they look forward to continue doing so.
Mrs. Matilde is a seamstress. She makes costumes and uniforms. Now that we approach the start of classes in schools across the country, she is requesting a loan to buy all the materials needed to make them.
All of the members are people who wish to succeed in all aspects (life, family and business). They appreciate very much the help given to them by the foundation and thank the opportunity offered by the "Mujeres Emprendedoras" committee.
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