Nuevo Horizonte Group
Magdalena is a seamstress. She says that she has been in this work for quite some time. She comments that she has very good customers because her work is very good at a low price. She is known as a hard working and enterprising woman who fights to give her family all the best from day to day.
She is asking for a loan in order to buy fabric, thread, elastic, zippers and other necessary supplies in order to continue working and fulfilling the orders that she has.
Magdalena es costurera, ella comenta que trabaja en esto hace ya un buen tiempo. Comenta que ya tiene muy buena clientela debido a que sus trabajos son muy buenos y a bajo costo. Ella se define como una persona muy trabajadora y emprendedora, quien lucha por darle a su familia todo lo mejor del día a día.
Ella solicita el crédito para la compra de telas, hilos, gomas, cierres y demás insumos necesarios para poder seguir trabajando y haciendo los pedidos que tiene.
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