Virgen Del Carmen Group
María is one of the members. She relates that she’s a seamstress. She does all kinds of services for her customers and they themselves then recommend her good work. She relates that she’s worked since she was young to help her family. Her wish is to be able to establish a spacious sewing workshop in order to also provide employment for others.
She’s asking for this loan to buy fabric, thread, elastic, buttons, and others because these are the main supplies she always uses in her sewing. She’s grateful for the opportunity she’s getting because she’ll be able to continue to grow.
Maria es una de las integrantes, quien cuenta que se dedica a la costura, ella hace todo tipo de servicios a sus clientes, y son ellos mismos quienes después hacen promoción de su buen trabajo. Cuenta que desde joven ha trabajado y así ayuda a su familia, su deseo es poder tener un taller de costura amplio y de esa forma también poder dar trabajo a otras personas.
Ella solicita de este crédito para poder invertirlo en la compra de telas, hilos, gomas, botones y demás, ya que estos son los principales insumos que siempre usa para su costura. Esta agradecida por la oportunidad que recibe, ya que podrá seguir creciendo.
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