San Francisco Group
Geronima is one of the members. She tells us that she embroiders all kinds of slippers. She says it's going well because the embroidered shoes are selling well lately. Her goal is to keep working and continue helping her family.
She asks for a loan to buy slippers, sequins, pearls, thread and other inputs to keep making the slippers that she sells. She is grateful for the opportunity from Kiva and Fundacion Paraguaya.
Geronima es una de las miembros del grupo, y nos cuenta que se dedica al bordado de zapatillas de todas clases. Comenta que le va muy bien, ya que la zapatilla bordada últimamente se vende mucho entre las clientas. Su meta es poder seguir trabajando y de esa forma poder seguir ayudando a su familia.
Ella solicita el crédito para la compra de zapatillas, lentejuelas, perlas, hilos y demás insumos para poder seguir haciendo las zapatillas que ella vende. 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