Apolonia is a member of this group. She tells us that being a member of the group has really helped not only herself but also the other members of her family. Apolonia's business is sewing and she says that, through this work, she has been able to help her family and provide for them on a daily basis.
Apolonia is requesting this loan to buy fabric which will enable her to continue working and helping her family members.
Apolonia es miembro del grupo, y nos comenta que formar parte del grupo le ha ayudado mucho no solo a ella sino también a los miembros de su familia. Ella se dedica a la costura, y cuenta que por medio de este trabajo ha podido ayudar a su familia y darles lo que necesitan para el día a día.
Apolonia solicita el crédito para la compra de telas, con lo cual podrá seguir trabajando y ayudando a sus familiares.
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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