Cristo Rey Group
One of the members is Sra. Catalina, who is a seamstress. She says that she always works a great deal because most of her neighbors place several orders. Thanks to her hard work and effort, she has been able to support her family and help with the household finances. She is requesting a loan to buy fabrics, thread, buttons, scissors, and other necessary supplies so that she can meet the demands of her customers.
Una de las miembros es la señora Catalina, quien se dedica a la costura. Ella nos cuenta que siempre esta con mucho trabajo, ya que la mayoría de sus vecinos le hacen varios pedidos. Gracias a su arduo trabajo y esfuerzo ha podido mantener a su familia y ayudar con la economía de su casa.
Ella solicita el crédito para la compra de telas, hilos, botones, cierres y demás insumos necesarios para poder cumplir con la demanda que le hace sus clientes.
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