Mujeres Al Poder Group
Sra. Sonia is a seamstress and has been in this line of work for a long time. This has helped her to establish a good customer base. She produces all types of garments that are of very good quality. For this reason, her customers always request her work. Sonia is requesting a loan in order to buy fabrics and thread so that she can complete her customers' orders. She is very grateful for the opportunity she has received.
La Sra. Sonia se dedica a la costura y cuenta que lleva mucho tiempo en ese trabajo y eso la ha ayudado a formarse una buena clientela. Ella realiza todo tipo de prendas, de muy buena calidad, y es por ello que sus clientes siempre acuden hasta ella.
Sonia solicita el crédito para la compra de telas e hilos, con los cuales podrá cumplir con los pedidos de sus clientes. Está muy agradecida por la oportunidad que ha recibido.
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