Virgen De Fatima Group
Maria Fatima is one of the members. Her business is a laundry, and she comments that she has a lot of customers who always bring her their clothing to wash. It is a job involving much sacrifice, but she is very proud of what she does, since it is dignified and honest work.
She is requesting the loan to buy powdered detergents, fabric softener and other supplies, with which she will be able to keep working and fulfill her orders.
Maria Fatima es una de las miembros, ella se dedica a la lavandería, y comenta que tiene muchos clientes que siempre le llevan ropas para que ella las pueda lavar. Es un trabajo muy sacrificado, pero ella está muy orgullosa de lo que hace, ya que es un trabajo digno y honesto.
Ella solicita el crédito para la compra de detergentes en polvo, suavizantes para ropas y demás insumos necesarios con los cuales podrá seguir trabajando y cumpliendo con sus pedidos.
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