Mujeres Emprendedoras Group
Salvadora is part of this group. She is a dressmaker and comments that she was always very entrepreneurial and has worked since she was very young. She says that she has very good customers and that they are always satisfied with her work.
She is applying for the loan to buy fabrics, thread, buttons, fasteners and other supplies to be able to continue working and advancing.
Salvadora forma parte del grupo, ella es modista y comenta que siempre fue muy emprendedora y que desde muy joven trabajo. Cuenta que tiene muy buena clientela, a que sus clientes siempre quedan conformes con su trabajo.
Ella solicita el crédito para la compra de telas, hilos, botones, cierres y demás insumos para poder seguir trabajando y saliendo adelante.
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