Alma was chosen to be president of the group by the other members. She works making clothing and says that, thanks to this work, she has been able to make progress and help her family. She says that she always has a lot of work and that this is good because it allows her to continue growing and improving.
Alma is requesting this loan to buy fabric, threads, elastic, buttons and other supplies so that she can continue making clothes.
La Sra Alma quien fue electa por las integrantes del comité, es la presidenta, ella trabaja en confección de ropas, y cuenta que gracias a este trabajo ha podido salir adelante y ayudar a su familia. Cuenta que siempre tiene mucho trabajo y que eso es muy bueno, ya que le permite crecer e ir mejorando. Solicita de este crédito para la compra de telas, hilos, gomas, botones y demás insumos para poder seguir confeccionando las prendas que hace.
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