San Blas Group
One of the members of this group is Hilda. She lives with Oscar, who is a mechanic, and the couple have two children. Hilda has been making all kinds of clothing for several years now. She says that, thanks to her work, she is able to help her husband with the day-to-day expenses and also support her children and their home. She says that her biggest dream is for her children to study for a college degree and become upstanding citizens.
Hilda is requesting a loan to buy fabric, thread, fasteners and other supplies she needs to continue making clothes.
Una de las integrantes del grupo es la Sra. Hilda quien esta acompañada con el Sr. Oscar quien es mecánico, con el tiene 2 hijos. Ella se dedica hace varios años a la confección de ropas de todo tipo y cuenta que gracias a esto ella puede ayudar a su marido con los gastos del día a día y a la mantención de los hijos y de la casa. Dice que su mayo sueño es que sus hijos estudien una carrera universitaria y sean personas de bien.
Ella solicita el crédito para la compra de telas, hilos, cierres y demás insumos necesarios para pode continuar con la confección de prendas que hace.
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