Mujeres Unidas 1 Group
Viviana is a dressmaker and she tells us that she has been in this business for several years now. This has helped her to establish a good customer base. She works every day and says that she always has a lot of orders and work from her customers. Her aim is to continue working and helping her family.
Viviana is requesting this loan to buy fabric and thread so that she can stock her business and fill the orders that her customers make with her. The group is grateful for the opportunity that they are receiving from Kiva and Fundación Paraguaya.
Viviana es modista, y nos cuenta que se dedica a esto hace ya varios años, lo cual le ha ayudado a formarse una buena clientela. Trabaja todos los días y dice que siempre tiene muchos pedidos y trabajo de sus clientes. Su objetivo es seguir trabajando y ayudando a su familia.
Ella solicita el crédito para la compra de hilos y telas, con lo cual podrá surtirse y cumplir con pedidos que le hicieron sus clientes. El grupo agradece por la oportunidad 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