Nancy is a very responsible, dedicated woman. She works every day with one of her daughters who helps her make the ñanduti lace which she has to deliver weekly. Nancy works directly with a person who buys her lace and then sells it in the city of Itagua. Like all her fellow members, she is happy for the support Fundación Paraguaya and Kiva provides to continue investing in their small businesses.
La Presidenta del comité es la Sra. Nancy V., ella se dedica a la artesanía en ñanduti, vive con su marido que es empleado y dos hijos estudiantes, la Sra. Nancy es una persona muy responsable y sacrificada, trabaja todos los días con una de sus hijas, quien le ayuda para hacer los tejidos de ñanduti, que semanalmente tiene que entregar.
La Sra. Nancy trabaja directamente con una persona, quién es la que compra los tejidos de ella y los comercializa en la ciudad de Itagua.
Ella como todas sus compañeras del comité están muy contentas por el apoyo que les brinda la Fundación Paraguaya y Kiva para poder seguir invirtiendo en sus pequeños negocios.
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