Nueva Estrella Group
The woman being highlighted is the director of the group. Her name is Blanca, and she is a very charismatic person. She knows how to motivate a group and to make people excited about working, fighting to get ahead, and improving their incomes and quality of life.
Blanca makes a living in sewing. She is requesting a loan so that she can invest in the purchase of fabric, thread, buttons, and other items. In doing this, she will be able to continue complying with the demand of her customers and investing in her business.
Una persona digna de destacar es la directora del grupo la Sra. Blanca, quien es una persona muy carismática que sabe motivar a su grupo animándolas a seguir trabajando y luchando por salir adelante e ir mejorando sus ingresos y su calidad de vida.
Blanca se dedica a la costura y solicita de este crédito para poder invertirlo en la compra de telas, hilos, botones y demás, y así seguir cumpliendo con el pedido de sus clientes e invirtiendo en su negocio.
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