Rincón De Esperanza Group
Esmilda, for example, is asking for the loan to buy supplies for her business. She’s a Dressmaker and makes clothes to order for her numerous customers. She will use the loan to improve her service. Esmilda intends to continue forward helping her family while always actively cooperating with the committee.
Todas las integrantes del comité desarrollan actividades independientes, como son las ventas de ropa interior, ropas, también son modistas.
La señora Esmilda, por ejemplo, solicita el crédito para invertirlo en materiales para su negocio, pues ella es modista y confecciona ropas de acuerdo al pedido de sus numerosos clientes, y utilizará el dinero para mejorar sus servicios, de esta forma Esmilda pretende seguir adelante y ayudar a su familia, siempre cooperando activamente con el comité.
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