One of them is Mrs. Liz who is a hard-working entrepreneur who has been in the sewing business for quite some time. She says she always has a lot of work and cannot complain since this allows her to support her family. With an aim toward filling customer orders she is requesting a loan to buy fabric, thread, buttons and other necessary supplies for her workshop. She is grateful to the Fundación and Kiva for this opportunity.
Una de ellas es la señora Liz, quien es una persona muy trabajadora y emprendedora, la cual se dedica a la costura desde hace ya un buen tiempo. Comenta que siempre esta con mucho trabajo, por lo cual no se queja, ya que ese es su medio de mantener a su familia. Ella desea poder cumplir con los pedidos de sus clientes, es por ello que solicita el crédito.
Quiere comprar telas, hilos, botones y demás insumos necesarios para su taller. Agradece a la fundación y a kiva por la oportunidad que les da.
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