Nuevo Amanecer Group
Sra. Atanasia E. engages in sewing and making hats out of “karanday” (a natural palm fiber) with her husband, Sr. Dionisio R.. They have been married for 25 years and have two children in school. Sra. Atanasia is taking this loan to buy materials for her work such as fabrics, thread, rubber, zippers, palm fiber, and other items.
La sra. Atanasia E. se dedica a la costura y elaboración D. sombreros D. karanday junto con su esposo, el señor Dionisio R., con quien está casada desD. hace 25 años, tienen dos hijos estudiantes.
La señora Atanasia retiró el crédito para la compra D. sus materiales D. trabajo como por ejemplo telas, hilos, gomas, tijera, Karanday, etc.
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