Alba, the president, makes a living sewing; she has a little shop where she does all types of work that allow her to help her family. She is a hardworking and entrepreneurial person that with a lot of sacrifice and effort is getting ahead and improving everyday in all she does. Alba wants to keep growing, that is why she is requesting this loan to invest in the purchase of fabric, thread, elastics and more. She will use these materials in the confection of her work and thus fulfill her customers' needs.
Alba, la presidenta, se dedica a la costura, tiene un pequeño tallercito donde hace todo tipo de trabajos y con lo cual puede ayudar a su familia. Ella es una persona muy trabajadora y emprendedora, que con mucho sacrificio y esfuerzo está saliendo adelante y día a día va mejorando en todo lo que hace.
Alba quiere seguir creciendo y es por eso que solicita de este crédito, para poder invertirlo en la compra de telas, hilos, gomas y demás, para poder usarlos en las confecciones que realiza y cumplir así con 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