They came together to be able to support their businesses through loans and so improve their families' income and quality of life. They need this loan to be able to invest in their respective businesses and so be able to achieve the sustained growth that will help them grow as a group and individually.
One of the members is Isabel, who like her partners, works making crafts. This is a very common activity in the area. She makes wool blankets, ponchos and scarves amongst others for the winter. She's very happy because demand is strong and she is requesting the loan to buy raw material such as thread, fabric and dyes.
Estas Señoras son activas muy trabajadoras y todas de dedican a la artesanía.
Se reunieron para buscar apoyo a fin de fomentar a través del crédito sus trabajos y por ende sus ingresos familiares y mejorar su calidad de vida.
Necesitan de esta operación crediticia para invertir en sus respectivos trabajos y así poder lograr un crecimiento sostenible que les haga crecer como grupo y en forma individual.
Una de las integrantes es la señora Isabel que al igual que sus compañeras se dedica a la artesanía el cual es una actividad muy común de la zona.
Ella fabrica mantas de lana, ponchos de lana, bufanda de lana y otros, actualmente todo para el invierno.
Se encuentra muy satisfecha ya que hay mucha demanda y solicita el préstamo para la compra de materia prima como hilos, telas y colorantes para teñir las telas.
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