Crsito Rey Group
Maria is the group’s president and tells us that her group has already crossed many cycles, but they have more enthusiasm each time and they want to keep working toward their dreams. Maria is a fashion stylist and is asking for this loan to buy fabrics and thread.
Maria says that she has many customers because she always does good work and works toward it because she knows that it’s her greatest asset. She and her friends from the group are happy about continuing to work together.
La Sra. Maria es la presidenta de este grupo, y cuenta que su grupo ha pasado ya por muchos ciclos, pero que se encuentran cada vez más, con mayor entusiasmo y quieren poder seguir trabajando y luchando por sus sueños. Maria es modista, y solicita de este crédito para la compra de telas e hilos.
Cuenta Maria que tiene ya muy buena clientela, ya que siempre tiene muy buenos trabajos y se esfuerza por hacerlos, ya que sabe que esa es su mejor publicidad. Ella y sus amigas del grupo están contentas por seguir trabajando juntas.
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