Las Mercedes Group
One of these members, Julia, works sewing. She is married to Victor. She has requested the loan to purchase fabric, thread, and other sewing supplies. She works at home along with her mother. They both work for a factory but she hopes to one day have a larger and more personal business so that production improves.
La sra.Julia , una de las miembros, se dedica a la costura, esta casada con el señor Victor. Ella solicito el credito para la compra de tela, hilos y todos los demas insumos necesarios para la costura, ella trabaja en su casa en conjunto con su mama, trabajan para una fabrica, pero en su domicilio, ella espera algun dia tener un negocio mas grande y mas personal para una mejor produccion.
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