San Jose Group
Irene is a group member. She has a soap factory where she herself manufactures it with her husband and children who have always been with her in everything. Because of the time she’s been in this she’s been growing thanks to her efforts and also thanks to Fundación Paraguaya.
She requested the loan to buy ingredients like glycerin, scents, dyes and other supplies needed to continue making the soaps she sells. She is grateful for the opportunity she’s getting from Kiva and Fundación Paraguaya.
La Sra. Irene es miembro del grupo, ella tiene una fábrica de jabones en donde ella misma los fabrica en compañía de su marido y sus hijos que siempre estuvieron con ella en todo y gracias al tiempo que lleva en esto va creciendo con su esfuerzo y también gracias a la Fundación Paraguaya.
Ella solicita el crédito para la compra de los ingredientes que glicerina, aromatizantes, colorantes y demás insumos necesarios para poder seguir elaborando los jabones que vende. Agradece por la oportunidad que está recibiendo de Kiva y de 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