Santa Librada Group
One of the members is Lariza who is a seamstress. Through this work she’s been able to support her family and obtain the necessary resources to cover daily expenses. She comments that she does very well in the business so would like to continue to grow. She requests the loan to buy fabric, closures, buttons, elastic and other supplies to stock her workshop.
Una de las miembros es la señora Lariza, quien se dedica a la costura. Por medio de este trabajo ella puede mantener a su familia y obtener los medios necesarios para cubrir los gastos diarios. Ella comenta que le va muy bien en el negocio por lo que quiere seguir creciendo.
Ella solicita el crédito para la compra de telas, cierres, botones, gomas y demás insumos para abastecer su taller.
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