Tarumandy Poty Group
All of them work with great hope of improving their lives. Such is the case of Sra. Rocío Carolina L., who produces handmaD. hats. She will invest the money in the purchase of materials needed for her work such as “karanday” (a plant fiber native to Paraguay), leather, scissors, and other items. This will allow her to offer a wider variety of quality hats to her customers.
Todas trabajan con mucha D. esperanza D. mejorar su vida así como la señora Rocío Carolina L. se dedica a la artesanía en sombrero D. barandal, invirtió el dinero en la compra D. elementos para su trabajo ( karanday, cueri, tijeras, etc.), logrando D. ese modo ofrecer mayor variedad y calidad D. sombreros a su clientela.
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