Juntos Podemos Group
One of the members of this group is Sonia. She tells us that her business is sewing all types of sheets and pillowcases. She says that thanks to this work she has the resources she needs to help her family. Her goal is to continue investing in her business so that she can grow as a professional.
Sonia is requesting a loan to buy fabric which she will use in her workshop so that she can continue fulfilling her customers' orders. Both Sonia and her fellow group members are grateful for the opportunity that they are receiving.
Una de las miembros, la Sra. Sonia nos comenta que se dedica a la costura de sabanas y fundas de toda clase, y nos dice que gracias a este trabajo ha podido tener los medios necesarios para poder ayudar a su familia. Su meta es poder seguir invirtiendo en su negocio y de esa forma poder crecer como profesional.
Ella solicita el crédito para la compra de telas, las cuales va a utilizar en su taller para poder seguir cumpliendo con los pedidos de sus clientes. Ella como sus compañeras, agradecen la oportunidad que están 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