Mujeres Unidas Group
One of the group members is Sra. Elodia. She is married and has three children. Her husband is employed at a metal shop. Elodia has worked as an artisan for many years, making and selling handicrafts as a street vendor in her neighborhood. She also sells in the central part of the city of Encarnación. One of her dreams is for her daughters to earn a university degree so that they can become successful professionals.
The loan she is requesting will be used to buy materials and accessories for making handicrafts that she can sell to her customers. Elodia is very hopeful that with her loan she can secure better conditions for her family.
Una de las integrantes del grupo es la Señora Elodia, ella tiene 3 hijos, es casada, su marido es Empleado de una Metalúrgica. Ella es artesana hace varios años, confecciona y vende sus artesanías en forma ambulante por su barrio y también por el centro de la ciudad de Encarnación. Uno de sus sueños es que sus hijas tengan una carrera universitaria y se conviertan en grandes profesionales.
Ella solicita el crédito para la compra de materiales y accesorios para la elaboración de la artesanía y volver a vender a sus clientes. Está muy esperanzada en el crédito, ya que este le servirá para procurar mejores condiciones para su familia.
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