Santa Barbara Group
One of the members, the president of the group, is Sra. María Estela. For a long time she has made her living by sewing. She is a very hardworking person who wants to get ahead. She says that she makes all types of high quality garments. The quality is why her business has been going so well.
Sra. María Estela wants to keep growing her business, which is why she is requesting the loan. She has a lot of orders that she would like to fill. She wants to purchase fabric, elastic, buttons and other supplies.
Una de las miembros y presidenta del grupo es la señora María Estela, quien se dedica a la costura hace ya un buen tiempo, es una persona muy trabajadora y que desea salir adelante. Cuenta que hace la confección de todo tipo de prendas y que son de muy buena calidad, por lo que le está yendo muy bien.
Ella desea seguir creciendo, y es por ello que solicita el crédito, pues tiene muchos pedidos y le gustaría poder cumplir con ellos, quiere comprar telas, gomas, botones, y demás insumos.
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