Virgen De Fatima Group
Domitila is a member of this group, and she is also its president. She says she has a great desire to progress in life, and that she makes efforts to provide her family with everything they need. She engages in handicrafts, and she is also a street vendor selling every kind of products, such as clothes, shoes, general items and more. She works every day, when it’s cold as well as when it’s hot, in order to keep on progressing and thus being an example for her family.
She is requesting a loan to buy shoes and clothes, in order to continue selling her products and earning the income that they need.
Una de las integrantes es la Sra. Domitila, quien es la presidenta del grupo, ella cuenta que tiene muchas ganas de salir adelante y que se esfuerza por dar a su familia todo lo que necesitan. Ella se dedica a las artesanías y también a la venta ambulante de productos de todo tipo, como ser prendas, calzados artículos de bazar y demás. Ella trabaja todos los días, haga frío o calor, para poder seguir creciendo y así ser un ejemplo para su familia.
Solicita de este crédito para la compra de calzados y prendas, para poder seguir con sus ventas y de esa forma tener los ingresos que necesitan.
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