Tekove Porá Rekavo Group
Rosa is one of them, and tells us that she is a seamstress. Thanks to her modest work she has gotten ahead, and day by day she works hard to keep doing so. Through her effort she has been able to give her family what they need and keep them from hardships.
She asks for a loan to buy fabric, zippers and elastics, because she has orders that she'd like to be able to complete. She is grateful for the help that Fundacian Paraguaya and Kiva give her.
Rosa es una de ellas, cuenta que es modista, y que gracias a su modesto trabajo ha salido adelante y día a día se esfuerza para seguir haciéndolo. Gracias a su arduo trabajo ha logrado dar a su familia lo que necesitan y que no tengan que pasar por privaciones.
Ella solicita el crédito para la compra de telas, cierres y gomas, ya que tiene pedidos, y le gustaría poder cumplir con ellos. Agradece por la gran ayuda que fundación paraguaya y Kiva le dan.
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