Maria Auxiliadora Group
Maria is the group’s president. She’s married, has three children, and it very enterprising and innovative. She has a sewing business and started it with a few customers, but now she has many customers, thanks to her quality work. Maria says that all of her effort is for her children, who she wants to see become professionals and productive member of society.
She is asking for this loan so that she can invest in her business. This is her way of helping her family and she wants to buy fabric so that she can meet her customer demand.
La Sra. Maria, presidenta del grupo, está casada, y tiene 3 hijos, es muy emprendedora e innovadora, y cuenta que se dedica a la costura. Empezó con muy pocos clientes, pero después, y gracias al buen trabajo que hace, hoy en día ya tiene mucha clientela. Maria dice que todo el esfuerzo que hace es por sus hijos, ya que quiere que sean personas de bien, útiles a la sociedad.
Ella solicita de este crédito para poder seguir invirtiendo en su trabajo, ya que es su modo de ayudar a su familia, y quiere comprar telas para cumplir con los pedidos de sus clientes.
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