Las Mercedes Group
Julia sews and is married to Victor. They have a young son, the newest member of the family, and they are excitedly awaiting the arrival of another child. She is asking for this loan in order to buy fabric, thread, and other sewing supplies. She works from her home, along with her mother, and also in a factory. She hopes to have a larger business in her home someday, along with employees to increase production.
La Sra. Julia se dedica a la costura, esta casada con el señor Victor con quien tiene un hijo pequeño, y un próximo integrante de la familia, estan en la dulce espera de otro hijo. Ella solicito el crédito para la compra de tela, hilo y todo lo demás para la costura, ella trabaja en su casa en conjunto con su mama, trabajan para una fabrica, pero en su casa, ella espera algún día tener un negocio mas grande y mas personal para una mejor producción.
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