1 De Marzo Group
Bernardina makes dresses, blankets, and school uniforms. She says that, thanks to her good work, she already has well established customers. She and her colleagues formed a very close group that's capable of working together to strengthen their camaraderie.
Bernardina's requesting this loan to buy fabric and thread to continue with her clothing and fill her customers' orders.
La Sra. Bernardina es modista y fabrica sabanas y uniformes para colegios, y cuenta que gracias al buen trabajo que hace, ya tiene una clientela bien formada. Ella junto a sus compañeras formó un grupo muy unido y capaz de realizar conjuntamente actividades que fortalecen su compañerismo.
Bernardina solicita de este crédito para la compra de telas e hilos, para seguir con sus confecciones y cumpliendo también así 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