Las Residentas Group
One of the group members is Emilia. She’s a dressmaker, an occupation that allows her to support her entire family. She comments that she has many customers that always bring her work to do which suits her interests because it means good income for her.
She requests the loan to buy fabric, thread, lace and others which are the indispensable supplies for her workshop. She, as well as her committee, is very happy for the help from the Fundación and from Kiva.
Una D. las integrantes es la señora Emilia es modista, oficio que le permite sacar adelante a toda su familia. Comenta que tiene muchos clientes que siempre le traen trabajo para hacer, lo cual a ella le conviene, pues le trae muy buenos ingresos.
Ella solicita el crédito para la compra D. telas, hilos, encajes y otros, los cuales son los insumos indispensables para su taller. Ella al igual que su comité está muy contenta con la ayuda D. la fundación y D. kiva.
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