San Pedro Group
Sirsa, one of the members of the group, is a seamstress. She is a very creative person who knows all the aspects of her work. Sirsa says she has been sewing for some time now and has established a very good following of customers. They are always bringing her work to do, and she says that it is thanks to this that she is getting ahead.
Sirsa is requesting this loan to buy fabrics and thread, and to continue making garments and filling her customers’ orders.
La Sra. Sirsa, una de las miembros, trabaja en la costura, es una persona muy creativa que sabe y conoce de su trabajo. Cuenta que lleva ya un tiempo haciéndolo y que se ha hecho de muy buena clientela que siempre le trae trabajos para hacer y es gracias a esto que está saliendo adelante.
Solicita de este crédito para poder invertirlo en la compra de telas e hilos, y así seguir con sus confecciones y 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