Virgen Del Rosario Group
One of the group's members is Reina whose business is sewing. She tells us that, through this business, her family's finances have improved quite a bit as she is able to support her household and her elderly mother. She always works hard for her family as she doesn't want them to experience any hardships.
Reina mentioned that the activities that they carry out with Fundación Paraguaya are very important because they enable them to develop their work skills and self esteem, and develop on a personal level.
Reina is requesting this loan so that she can continue working as she would like to buy fabric and thread to fill the orders that she has.
Una de ellas es la Sra. Reina quien se dedica a la costura nos comenta que mediante este negocio la economía de la familia mejoró bastante ya que ella mantiene la casa y a su madre ya anciana. Es por su familia que ella siempre se esfuerza mucho, pues no quiere que pasen por ningún tipo de privaciones.
Según la Sra. Reina mencionó que las actividades que realizan con la Fundación Paraguaya es muy importante ya que mediante ella pudieron desarrollar sus capacidades de trabajo, autoestima y desarrollo personal.
Ella solicita el crédito para poder seguir trabajando, ya que quiere comprar telas e hilos para cumplir con 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