Lagunita Poty Group
Elva is a very hard-working woman. She is very well-known in the neighborhood because she does very good work. She also has a very good clientele, and she is growing a lot thanks to the effort she is making.
She is requesting this loan to be able to buy fabric and thread. She wants to continue working and to be able to complete the orders that she has.
Elva es una mujer muy trabajadora y es muy conocida en el barrio ya que hace muy buenos trabajos, tiene también muy buena clientela y está creciendo mucho gracias al esfuerzo que está haciendo. Solicita de este crédito para poder invertirlo en la compra de telas e hilos, ya que quiere seguir trabajando y poder cumplir con pedidos que tiene.
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