Carolina is part of this group and says that she earns her living by sewing. She is a very talented seamstress and knowledgeable in what she does. Carolina has been working for some time and thanks to her efforts, she has built up a good customer base that always provides her with work to do. She is requesting a loan in order to buy fabrics, thread, buttons, rubber, and other supplies. Carolina is grateful for the opportunity she has received since it will be of great help.
Carolina es parte del grupo y comenta que se dedica a la costura, es una modista muy talentosa y sabe lo que hace. Lleva un tiempo trabajando en esto y gracias a eso se ha hecho de buena clientela que siempre va a ella a darle trabajo.
Ella solicita el crédito para la compra de telas, hilos, botones, gomas y demás insumos. Ella agradece la oportunidad que reciben, pues les será de gran ayuda.
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