Virgen De Fátima Group
Sulma is one of the members. She works as a seamstress for a living and has for quite some time. She does all types of sewing, such as for bedspreads, coats, and more, with which she has been able to maintain her family. She defines herself and a very hardworking and entrepreneurial person that wants to progress and it is for that that she always pushes herself to be able to move forward.
She is requesting a loan in order to purchase thread, needles and other supplies with which she will be able to stock up and be able to continue working. She is grateful to the foundation and to kiva for the opportunity they are receiving.
La Sra Sulma es una de las miembros, ella se dedica al tejido desde hace ya un buen tiempo. Ella hace todo tipo de tejidos, como ser sobrecamas, abrigos y demás, con lo cual ha podido mantener a su familia. Ella se define como una persona muy trabajadora y emprendedora, que quiere salir adelante y es por ello que se esfuerza siempre para poder salir adelante.
Ella solicita el crédito para la compra de hilos, agujas y demás insumos con lo que podrá abastecerse y de esa forma poder seguir trabajando. Ella agradece a la fundación y a kiva por 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