Wilma is one of the members. She is a seamstress and married to Jose; they have three children who are their reason for working hard. Wilma is asking for this loan to buy fabric so that she can continue making clothing to sell.
They are grateful for the assistance because they are able to continue working and helping their families.
Una de las integrantes del grupo es la Sra Wilma quien es costurera, está casada con el señor Jose, tienen 3 hijos, quienes son la razón de lucha de ellos. Wilma solicita de este crédito para poder comprar telas, para seguir fabricando las prendas que vende.
Agradecen por la ayuda que estan recibiendo, ya que por medio de este crédito podrán seguir trabajando y ayudando a sus familias.
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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