Maria Auxiliadora 2 Group
Mercedes is the president of the group. She makes a living as a seamstress and says that thanks to her work she has been able to move forward and develop her own clientele. She is someone with a strong desire to progress and become a successful entrepreneur.
Mercedes is requesting this loan in order to purchase fabrics, threads, glue and other supplies that will enable her to keep on working and responding to her customers' requests on time.
Mercedes es la presidenta del grupo, ella se dedica a la costura y comenta que gracias a su trabajo ha podido salir adelante y hacerse de su propia clientela. Es una persona con muchas ansias de salir adelante y ser una microempresaria exitosa.
Solicita el crédito para la compra de telas, hilos, gomas y demás insumos para poder seguir trabajando y cumpliendo con los pedidos de 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