Mujeres Maravilla Group
The committee is known at “Mujeres Maravilla” (Marvelous Women), and the Director general is Ignacia. The group is composed of 17 women who are very active and have much solidarity. They are all from the same zone.
Ignacia sells clothes on the street. The business leaves her a good margin of earnings, but she wants to increase her business. She wishes to offer her family a higher quality of life. Ignacia is a fighting and persevering woman. For that reason, she is completely dedicated to the committee, to her business, and to her family.
Hoping to count on the economic help of Kiva and the Fundacion Paraguaya, she requests a loan to buy coats, caps, gloves, polo shirts, pants, etc. Winter is approaching (in the Southern Hemisphere) and she wants to be prepared for the demands of her customers.
El comité se denomina “Mujeres Maravilla”, cuya Directora General es la Señora Ignacia V., el grupo está constituido por 17 señoras muy activas y solidarias, todas de la misma zona.
La sra. Ignacia se dedica a la venta de ropas de manera ambulante, este negocio le deja un buen margen de ganancias, pero desea poder aumentarlo debido a que quiere brindarle una mejor calidad de vida a su familia, ella es una mujer muy luchadora y perseverante, por ello se dedica por completo al comité, a su negocio y a su familia.
Esperando contar con el apoyo económico de Kiva y Fundación Paraguaya solicita el préstamo para poder comprar abrigos, gorros, guantes, poleras, pantalones, etc. teniendo en cuenta que se paroxima el invierno y desea prepararse para las demandas de 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