Mujeres Generosas Group
One of the members is Ofelia, who makes all types of garments. She says that she always has plenty of work and is always full with orders. She says she is a hardworking woman who makes sacrifices to fight for her family's well-being.
She asks for a loan to buy fabric, threads, buttons, zippers and other products to stock her workshop.
Una de las integrantes es la señora Ofelia, quien se dedica a la confección de todo tipo de prendas, comenta que siempre tiene muy buen trabajo, ya que siempre está llena de pedidos. Ella se define como una mujer muy trabajadora y sacrificada, que lucha por el bien de su familia.
Ella solicita el crédito para la compra de telas, hilos, botones, cierres y demás insumos para abastecer su local.
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