Progreso Y Desarrollo Group
One of the members is María, who tells us she is a dressmaker. She does all types of work in fabric, such as shirts, t-shirts, pants, and others. She describes herself as a very hard-working and enterprising woman who struggles to give her family the best. One of her goals is to be able to continue growing and be able to work with big companies.
She is requesting the loan to buy fabric, buttons, closures, and other necessary supplies to stock her business.
Una de las miembros es la señora Maria, quien nos comenta que es modista. Ella hace todo tipo de trabajos en telas, como ser camisas, remeras, pantalones y demás. Ella se define como una mujer muy trabajadora y emprendedora que lucha por darle lo mejor a su familia. Una de sus metas es poder seguir creciendo y poder trabajar con grandes empresas.
Ella solicita el crédito para la compra de telas, hilos, botones, cierres y demás insumos necesarios para surtir 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