Lorenza is one of the members. She sews and, thanks to this work, is able to provide her family with what they need so that they do not lack any of the essentials. She says that she always has plenty of work, so she has a good income.
She is asking for this loan in order to buy fabric, buttons, zippers, and other sewing supplies.
Una de las miembros es la señora Lorenza, quien se dedica a la costura, trabajo gracias al cual puede ayudar a su familia y darles lo minino para que no tengan que pasar por ningún tipo de necesidades. Ella comenta que siempre tiene mucho trabajo, por lo que tiene buenos ingresos.
Ella solicita el crédito para la compra de telas, botones, cierres y demás insumos necesarios para la confección.
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