Virgen De Fátima 2 Group
The name of the communal bank is “Virgen de Fátima 2,” it is made up of 15 women who live in the area and are very active and supportive of one another.
Each member has different jobs and some of them will begin new jobs and have a steady income.
Mrs. Irene makes clothing for ladies and gentlemen, she is very skilled with her sewing machine.
She wakes up each day very early to do her housework and her work since it is the way she earns a living.
Mrs. Irene needs the loan to have more fabric, thread, scissors, and oil for the machine and buttons that will help her grow in her work and meet the demands of her customers.
El comité se denomina “Virgen de Fátima 2”, está constituido por 15 señoras muy activas y solidarias, todas de la misma zona.
Ellas tienen actividades diferentes, y algunas de ellas emprenderán una nueva labor, cuentan con un ingreso fijo.
La sra. Irene se dedica a la confección de prendas de vestir para damas y caballeros, es una mujer muy hábil en su máquina de coser.
Cada día se levanta temprano para emprender sus quehaceres domésticos y dedicarse a la vez a su rubro, pues es el medio por el que obtiene el sustento para su hogar.
Ella solicita este crédito para poder adquirir mayor cantidad de telas, hilos, tijeras, aceites para su máquina y elementos de botonería que la ayudarán a crecer laboralmente dentro del mercado y la demanda 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