Virgen De Fátima Group
Most of the women are embroiderers, and through their work they bring in the income they need to grow. They want their children to become good people and useful to others.
Silvia is one of the members, and she's seeking a loan to buy thread, needles, frames, and all the other supplies to be able to continue embroidering so she can earn her living.
La mayoría de estas mujeres se dedica a tejer, y por medio de este trabajo obtienen los ingresos que necesitan para ir creciendo. Desean que sus hijos sean personas de bien y útiles a los demás.
Una de ellas es Silvia, y ella solicita el crédito para la compra de hilos, agujas, bastidores y demás insumos para poder seguir tejiendo y de esta forma ganarse la vida.
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