One of the members of this group is Sra. Mirtha. She sells jewelry and clothing and is also a seamstress. She is a very hardworking and enterprising person and performs all of these jobs since she wants to be able to get ahead and she knows that the only way is through her own effort and hard work.
Mirtha notes that the loan she is applying for is to purchase clothing to sell. She is very grateful since, thanks to this opportunity, she can improve her and her family’s income.
Una de las integrantes del grupo es la Sra. Mirtha ella se dedica a la venta de joyas, ropas y también es modista. Es una persona muy trabajadora y emprendedora, hace todos estos trabajos ya que desea poder salir adelante y sabe que la única forma es por medio de su esfuerzo y trabajo.
Cuenta la Sra. Mirtha que el crédito que solicita es para la compra de ropas para volver a vender, ella se encuentra muy agradecida ya que gracias a esta oportunidad puede mejorar sus ingresos y el de 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