Mujeres Divinas Group
Maria, one of the members, works in pottery. She makes all types of construction materials, which she supplies to various business and construction sites. She says that she has a very good clientele and that with this, she is getting ahead and her business is growing.
She is requesting this loan to buy clay, so that she will be able to continue making the materials that she sells, since she already has orders which she would like to deliver. She is thankful since her group is very happy with the opportunity they are receiving.
Maria, una de las integrantes se dedica a la olería, hace todo tipo de materiales de construcción, con el cual surte a algunas empresas y construcciones. Cuenta que tiene muy buena clientela y que con esto está saliendo adelante y está creciendo en su negocio.
Ella pide este crédito para la compra de arcilla, ya que así podrá seguir haciendo los materiales para la venta, ya que tiene pedidos con los que le gustaría poder cumplir. Agradece ya que su grupo está muy contento con la oportunidad que recibe.
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