Mujeres Unidas Group
One of the members of the group is Felipa. She makes and sells leather covered thermoses and also provides in-home manicure services. She tells us that thanks to her sacrifice added to her work and the help from the group she’s able to get ahead and generate income she needs to contribute to her household. Her goal is to grow as a merchant and continue to help her family this way.
She’s asking for the loan to buy thermoses to be covered and also to buy leather. She is grateful for the opportunity she’s being given.
Una de las integrantes del grupo es la Sra. Felipa, ella se dedica a la fabricación y venta de termos forrados en cuero y también hace trabajos de manicura a domicilio. Ella nos cuenta que gracias a su sacrificio, sumado a su trabajo y a la ayuda de su grupo puede salir adelante y generar los ingresos que necesita para aportar en su casa. Su meta es crecer como comerciante y de esa forma seguir ayudando a su familia.
Ella solicita el crédito para la compra de termos para ser forrados y también cuero. Ella agradece por la oportunidad que se le está dando.
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