Rosalia is one of the members. She is a seamstress and says that she is doing well because she is very good at her job. She has a good amount of customers because most of her neighbours provide her with work.
She is requesting the loan to buy cloth, thread, buttons and other articles she needs for her sewing workshop. She is thankful to the Foundation for the opportunity it gives her.
Rosalia es una de las miembros, ella se dedica a la costura, y nos comenta que le va muy bien, pues es muy buena en lo que hace. Comenta que tiene muy buena clientela, ya que la mayoría de sus vecinos le acercan trabajos para hacer.
Ella solicita el crédito para la compra de telas, hilos, botones y demás insumos necesarios para el taller de costura. 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