San Juan Group
Berta is a seamstress and runs a shop that is small but has all she needs to work. She says that her work is going well and she always has orders to work on. Her goal is to have a larger shop and this way continue to grow. She will use the loan to buy thread, fabric, buttons, and other products to continue working and fulfilling her clients orders.
Berta, es modista, tiene su pequeño tallercito, equipado con todo lo que necesita para poder trabajar. Comenta que le va bien en su trabajo ya que siempre tiene pedidos de trabajos para hacer. Su meta es poder tener un taller más amplio y de esa forma poder seguir creciendo.
Ella solicita el crédito para la compra de telas, hilos, botones, gomas y demás insumos para poder seguir trabajando y cumpliendo con los pedidos de 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