Bendicion 2 Group
Marian is one of the members and she comments that she works sewing and that thanks to her work and effort she’s been able to get ahead and give her family everything they need for a proper life.
She asked for the loan to buy fabric, thread, glue, buttons and other supplies that are necessary for her to continue working.
La Sra. Marian es una de las miembros, ella comenta que se dedica a la costura, y que gracias a su trabajo y esfuerzo ha podido salir adelante y darle a su familia todo lo que necesitan para una vida digna.
Ella solicita el crédito para la compra de telas, hilos, gomas, botones y demás insumos que sean necesarios para poder seguir trabajando.
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