11 De Septiembre Group
Gregoria is one of the members. She says that she works very hard, since she knows that working is the only way to succeed and help her family. She is modest and tells us that she has been working for some time now, so she has a very good customer base. Her dream is to become a largescale designer, and she hopes to achieve this through her work.
She is requesting this loan for the purchase of fabric, thread, buttons, clasps, and other items for her workshop. She thanks the Fundacion and Kiva for the opportunity that they are providing her to access help.
Gregoria es una de las miembros, ella comenta que trabaja arduamente, pues sabe que trabajando es la única forma en la que se puede sobresalir y ayudar a la familia. Ella es modista y cuenta que se dedica a esto hace ya un buen tiempo, por lo que ya tiene muy buena clientela. Ella tiene el sueño de convertirse en una gran modista, y lo quiere lograr a través de su trabajo.
Ella solicita el crédito para la compra de telas, hilos, botones, cierres y demás insumos necesaR. para su taller. Agradece a la fundación y a kiva por la oportunidad que estas le dan de acceder a una 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