Mujeres Unidas Group
They are female family heads who wish to help their children have better living conditions than they had.
One of the group members is Rosalina who has five children and is married to Heriberto. She has been making a living by selling clothes for many years now. Rosalina says that the loan they are asking for from Fundación and Kica will be used to purchase clothing to sell to their customers. She is very grateful because she will be able to increase her and her family’s income thanks to the loan.
Una de las integrantes del grupo es la Sra. Rosalina ella tiene 5hijos está casada con el Sr. Heriberto y ella se dedica hace varios años a la venta de ropas. Cuenta la Sra. Rosalina que el crédito que solicita de la Fundación y de kiva lo utilizará para la compra de prendas de vestir y vender a sus clientes, ella se encuentra muy agradecida ya que gracias a él crédito podrá mejorar sus ingresos y el de su familia.
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