As well as working independently, they have a common fund which they have funded through working together. One of them is Maria who works selling crochet products like bedspreads and tablecloths which she hand stitches.
They are applying for the loan to cover family expenses and the purchase of work materials, namely various kinds of thread.
Varias señoras se unieron y decidieron formar un nuevo comité en el barrio están de manera exitosa hasta el momento.
Ellas además de trabajar de forma independiente, tienen un fondo común que lograron mediante el trabajo conjunto entre las integrantes.
Una de ellas es la señora María quien se dedica a la venta de accesorios fabricados con hilos de crochet; como sobrecamas y manteles para mesas, todos fabricados por ella.
Solicita el préstamos para algunos gastos familiares y para la compra de materiales de trabajo como hilos de varios tipos.
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