Las Luchadoras Group
One story that stands out is that of Sra. Felicita. She is a single mother of two grown children. Felicita has been knitting for more than 40 years. She currently lives alone, so she is grateful for the opportunity she has received as part of this group.
Felicita is requesting a loan in order to buy thread, embroidery frames, and other supplies so that she can continue working.
Una de las historias que se destaca es el de la señora Felicita, madre soltera de 2 hijos mayores, tejedora desde hace más de 40 años, actualmente vive sola y agradece por la oportunidad que recibe de formar parte del grupo.
Solicita de este crédito para la compra de hilos, bastidores, y demás insumos para poder seguir trabajando.
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