Medalla Milagrosa Group
A very moving story is that of Maria, who is a humble woman with very scarce financial resources. She does not know how to read or write and had never had a proposal nor a loan opportunity. With this program she received that help that she was looking for in order to be able to work. She is an artisan and does embroidery on all types of products, therefore helping out her family.
She is requesting a loan to purchase needles and thread, which she will use to continue working and helping her family. She is very grateful for the opportunity she has received, as nobody had taken a chance on her before.
Una historia muy conmovedora es el de la señora Maria que es una señora humilde de muy escasos recursos económicos, no sabe leer ni escribir y nunca tuvo una propuesta ni oportunidad de crédito y con este programa obtuvo la ayuda que tanto buscaba para poder trabajar. Ella es artesana y se dedica al bordado de todo tipo de productos, con lo cual ayuda a su familia.
Ella solicita el crédito para la compra de hilos y agujas, con lo cual podrá seguir trabajando y ayudando a su familia. Está por más agradecida por la oportunidad que ha recibido, ya que nadie ha apostado por ella antes.
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