Matilde is a member of the group and she tells us that she has been a seamstress for a while. She is well known in her neighborhood for the good quality of the clothes she makes. She tells us that it is going well for her because most of her neighbors always bring her work to do.
She is asking for the loan to buy fabric and thread, with which she can continue working and growing in his business. She is thankful for the help she receives from Kiva and the Fundación Paraguaya.
Matilde es la miembro del grupo, y nos comenta que es modista desde hace un buen tiempo. En su barrio es muy conocida por la buena calidad de las prendas que realiza. Ella comenta que le va muy bien pues la mayoría de sus vecinos siempre le traen trabajos para hacer.
Ella solicita el crédito para la compra de telas e hilos, con los cuales podrá seguir trabajando y creciendo en su negocio. Agradece por la ayuda que recibe de kiva y fundación paraguaya.
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