Las Mercedes Group
Marta, one of the members, makes a living sewing, working by order. She is separated and has three dependent children who live with her. She is requesting this loan to buy fabric, thread and all the accessories needed to sew. She wishes to open her own locale in the front of her house or in the center of Luque to sell the garments that she makes. In this way she will be able to continue working, moving forward and also earning enough to provide for her children.
La Sra.Marta, una de las miembros, se dedica a la costura, trabaja por pedido, es separada, tiene 3 hijos menores que viven con ella. Ella solicito el credito para la compra de tela, hilo y todos los accesorios que implica la costura, ella desea abrir un pequeño salon frente a su casa o en el centro de luque, para la venta de las prendas que ella elabora, para que de esa forma pueda seguir trabajando y saliendo adelante y tambien seguir ganando el sustento para sus hijos.
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