Mujeres Unidas Group
Porfiria is the president of the group. She makes clothes. With this business she helps her family generate income and improve their quality of life. She says that she always has a lot of work and orders from her customers. Therefore, it is going very well for her.
She is requesting the loan to buy fabric, thread, elastic, buttons, and other supplies in order to be able to keep working. This way she will finish her customers’ orders.
La presidenta del grupo es la Sra. Porfiria, ella se dedica a la confección de ropas y con ello ayuda a su familia a generar ingresos y elevar su calidad de vida. Comenta que siempre está con mucho trabajo y pedidos de sus clientes por lo que le va muy bien.
Solicita el crédito para la compra de telas, hilos, gomas botones y demás insumos para poder seguir trabajando y de esa forma cumplir con los pedidos de sus clientes.
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