Maria is one of its members, and she says she has managed to get ahead and grow through much sacrifice and effort. She says she is a dressmaker, and that she makes all kinds of items at her machine, such as clothing, sheets, blankets, and others. They are all very good, which is why she already has a good amount of customers.
She is requesting the loan so that she can buy fabric, thread, needles, and other supplies, which will allow her to fill the orders she gets from her customers.
Maria, es una de las miembros, y comenta que con mucho sacrificio y esfuerzo arduo ha podido salir adelante y crecer. Ella nos cuenta que es modista, y que hace todo tipo de trabajos en la maquina, como ser prendas, sabanas, frazadas y demás, los cuales son muy buenos, por lo que ya tiene una buena cantidad de clientes.
Ella solicita el crédito para poder comprar telas, hilos, agujas y demás insumos, con los cuales podrá cumplir con los pedidos que tiene 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