La Victoria Group
One of the members is Limpia. She has been a seamstress for some time now. She says that she has many customers since she is very friendly and does very good work. One of her goals is to have a bigger workshop where she can do all types of sewing. She says that what she does is for the good of her family since she wants to give them a better standard of living.
Limpia is requesting the loan to buy materials, thread, needles and other necessary items to supply her sewing workshop. She has her hopes on the loan since it will be very helpful.
Una de las miembros del grupo es la señora Limpia, ella es modista, se dedica a esta actividad hace ya un tiempo. Comenta que tiene muchos clientes, pues ella es una señora muy amable y con muy buen trabajo. Una de sus metas es poder tener un taller grande, donde pueda realizar todas sus costuras. Dice que todo lo que hace es por el bien de su familia, ya que desea darles un mejor estilo de vida.
Ella solicita el crédito para la compra de telas, hilos, agujas y otros insumos necesarios para el abastecimiento de su taller de costura. Está con las esperanzas puestas en el crédito, pues de obtenerlo le será de mucha ayuda.
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