San Antonio Group
Aida is a good seamstress, and it is thanks to this work that she is helping her family with the income she earns. She is very good at what she does, and is very well known in the area for her work. Today she is asking for this loan because she wants to buy items such as fabric, thread, buttons and fasteners. She will use this to meet her customers' orders and to continue to improve her services.
Aida es una buena costurera, y es gracias a este trabajo que está ayudando a su familia por medio de los ingresos que tiene, es muy buena en lo que hace, y es muy conocida en el barrio por su trabajo. Hoy pide este préstamo ya que quiere comprar telas, hilos, botones, cierres y demás, con lo cual podrá cumplir con los pedidos de sus clientes, e ir mejorando además su servicio.
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