La Amistad Group
One of these hardworking women is Gloria, who recycles products like bottles, cardboard and other types of recyclable materials. She defines herself as a very self-sacrificing woman because she tries very hard to help her family through her work. Gloria works everyday collecting the materials that she sells.
She is asking for the loan to buy recyclable materials that she will later resell to gain more benefits.
Una de esas mujeres trabajadoras es Gloria, quien se dedica al reciclaje de productos, como ser botellas, cartones, y demás tipos de materiales reciclables. Ella se define como una mujer muy sacrificada, ya que ella se esfuerza mucho por ayudar a su familia por medio de su trabajo. Gloria trabaja todos los días recolectando los materiales que vende.
Ella solicita el crédito para la compra de materiales reciclables, que luego venderá en cantidad y con lo cual obtendrá mayores ventajas.
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