Mujeres Artesanas Group
Rocio works with her husband and her son making floral arrangements. Thanks to this work she and her husband have the means to cover their daily household expenses. She characterizes herself as a very hardworking and responsible woman.
Rocio requests a loan to buy flowers, which are the main elements of her work.
La señora Rocío, con su marido y su hijo trabajan en la artesanía en flores. Gracias a este trabajo y a la ayuda de su marido pueden solventar los gastos del día a día. Ella se conceptúa como una mujer muy trabajadora y responsable.
Ella solicita el credito para la compra de flores, las cuales son elemento principal de su trabajo.
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