Las Mercedes Group
Marta works as a seamstress and has also been selling silver jewelry for some time. She has been separated for three years. She has four dependent children and one child who is already an adult and independent. She says that all the work she does is for her family as she would like to be able to give them everything they need so that they can enjoy a life without hardships.
Marta is requesting this loan to buy fabric and thread. She will also buy jewelry which will enable her to have more products in stock for her customers. The whole group is very grateful to Fundación Paraguaya for the help that they are receiving.
La sra. Marta trabaja como costurera y hace venta de joyas de plata desde hace un tiempo, esta separada hace 3años, tiene cuatro hijos menores, que aun dependen de ella y uno mayor de edad que ya es independiente. Comenta que todo el trabajo que ella hace es por su familia, ya que desea poder darles todo lo que necesitan para tener una vida sin privaciones.
Ella solciita el crédito para poder comprar telas e hilos, como asi tambien joyas con lo cual podrá tener más productos en stock para sus clientes. El grupo entero está muy agradecido con la fundacion por la ayuda que está recibiendo.
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