San Miguel Group
One of the members of the group is Mrs. Teofila. She makes napkins, tablecloths, table runners, etc. Thanks to the sale of these products she has been able to progress. Everything that she makes turns out well and that is why she is doing so well. She has a good customer base and she wants to continue to grow her business. She hopes to have a clothing manufacturing business one day.
She is asking for this loan in order to buy fine fabric, frames and thread. These will help her develop her business and thereby increase her earnings.
Una de las integrantes es la Sra. Teófila quien hace individuales, manteles, servilletas, camineros etc. Gracias a la venta de estos productos que hace ella esta saliendo adelante. Todo lo que fabrica le sale muy bien y es por eso que le va muy bien, tiene excelente clientela y quiere seguir creciendo. Su meta es poder tener algún dia un taller de costura.
La Sra. Solicita de este crédito para la compra de: (telas de ao po´i, liensos e hilos), lo que le ayudará a poder concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos.
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