14 De Agosto Group
Zoila always tries to motivate her fellow members to keep fighting for their goals and better themselves. She is a seamstress and tells us that the jobs she receives always keep her very busy, because she gets a lot of them. That is why she is requesting a loan, because she wants to purchase fabric and thread as well as buttons and zippers so that she can fill all of the orders she has. She is thankful for the help she and her friends are receiving.
La Sra. Zoila siempre trata de motivar a sus compañeras a seguir luchando por sus metas y así ser cada día mejores. Ella se dedica a la costura y nos dice que siempre está muy atareada con los trabajos que recibe, ya que tiene mucho y es por ello que solicita el crédito, ya que desea comprar telas e hilos, como también botones y cierres para poder cumplir con los pedidos que tiene. Agradece por la ayuda que ella y sus amigas están recibiendo.
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