Kuña Guapa Group
Señora Elsa is a very hard-working, selfless person. Through a lot of hard work and effort she has helped her family and given them everything they need to have a good life. She sells food and also makes clothes, and through this work, she is moving forward. She is requesting this loan to buy fabric, thread, elastic and other items, so that she can keep working as she has done up until now.
La Sra. Elsa es una persona muy trabajadora y sacrificada, que con mucho trabajo y esfuerzo ha ayudado a su familia y les ha dado todo lo que necesitan para una buena vida. Ella se dedica a la venta de comestibles y también a la costura, y con estos trabajos está saliendo adelante.
Ella solicita de este crédito para la compra de telas, hilos, gomas y demás, para poder seguir trabajando como lo viene haciendo hasta hoy.
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