One of the group members is Señora Irma, who provides a laundry service. She says that she has many clients, so her business is going very well. She wants to be able to continue expanding, so she works hard every day to increase her income. She is a very hard-working and enterprising woman.
She is requesting this loan for the purchase of laundry detergent and fabric softener, as well as other necessary products for her laundromat. She thanks the Fundacion for this opportunity.
Una de las miembros es la señora Irma, quien se dedica a la lavandería. Comenta que tiene muchos clientes y por lo mismo le va muy bien en el negocio. Ella desea poder seguir creciendo y es por ello que cada día se empeña para poder aumentar sus ganancias. Ella se define como una mujer muy trabajadora y emprendedora.
Ella solicita el crédito para la compra de jabones, suavizantes para ropas y demás insumos necesarios para poder utilizar en su lavandería. Agradece a la fundación por la oportunidad que esta le da.
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