La Victoria Group
Rosalba is one of the members of the group. She has been a seamstress for some time. Rosalba says that thanks to the good work that she produces, she has been able to establish a good clientele. Her customers are always giving her work. Rosalba's goals are to continue working and to have a larger workshop. She is requesting a loan in order to buy fabrics, thread, rubber, and other supplies that she needs in order to keep her sewing workshop in operation.
Rosalba es una de las miembros de este grupo, ella se dedica a la costura hace ya un tiempo, y comenta que gracias al buen trabajo que hace ha podido formarse una buena clientela que siempre acude a ella a darle trabajos. Su meta es poder seguir trabajando y tener un gran taller.
Ella solicita el crédito para la compra de telas, hilos, gomas y demás insumos que necesite para poder seguir trabajando en su taller de costura
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