Kuña Guapa Group
Elsa is a member of the group and says that she has been a seamstress for quite some time. She has a good customers who always buy the garments she produces. They provide her with a great amount of work. Elsa is requesting a loan to buy fabrics, thread, rubber, and other supplies so that she can continue her work and help her family.
Elsa es parte del grupo, y ella nos comenta que se dedica a la costura desde ya hace un tiempo, y que ya tiene una buena clientela que siempre compra de ella sus prendas que confecciona y a la vez le dan mucho trabajo. Ella solicita el crédito para la compra de telas, hilos, gomas y demás insumos para poder seguir haciendo su trabajo y así ayudar a su familia.
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