San Miguel Group
Maria is part of this hard-working group, and says that she has a laundry and washes clothing articles of every kind. Thanks to the good work she always does, she already has a good clientele that grows more and more. One of her dreams is to have a large laundry with many machines, and that way be able to also help other people, by providing them jobs.
She is applying for the loan in order to buy soap powders, clothing rinses, softeners and other supplies, enabling her to continue working and filling the orders that her customers bring to her.
Maria forma parte de este trabajador grupo, y ella dice que se dedica a la lavandería, lava prendas de todo tipo. Gracias al buen trabajo que siempre hace ya tiene una buena clientela, cada vez en mayor crecimiento. Uno de sus sueños es poder tener una gran lavandería con muchas maquinas, y de esa forma poder también ayudar a las demás personas, dándoles puestos de trabajo.
Ella solicita el crédito para la compra de jabones en polvo, enjuagues para ropas, suavizantes y demás insumos para poder seguir trabajando y cumpliendo con los pedidos que le acercan sus clientes.
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