A very moving story is Daniela’s who is a dressmaker and also sells sheets and bedspreads. She comments that by means of the group’s help she was able to improve her activity and her administration of it quite a bit thanks to the training she’s gotten.
She requests the loan to buy sheets and bedspreads that she will resell thus being able to continue supplying her customers with good quality goods.
Una historia muy conmovedora es la de la Sr. Daniela quien se dedica a la confección y venta de sabanas y colchas, nos comenta que mediante el la ayuda de su grupo pudo mejorar bastante su actividad y su administración gracias a las capacitaciones que recibe.
Solicita el crédito para la compra de sabanas y colchas, las cuales venderá y de esa forma podrá seguir surtiendo a sus clientes con productos de buena calidad.
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