Tembiapo Pora Group
Sra. Luz sells ao po’i (typical embroidered Paraguayan clothes) and tells us that she has very good sales since ao po’i clothing is in high demand. Many people, particularly tourists, admire it greatly. She dreams of being able to expand so that her clothing items are sold abroad.
She is requesting this loan in order to buy thread and embroidery frames, which are essential in making the items she sells. She is grateful for the opportunity given to her and also to the Comité de Mujeres Emprendedoras, a program of Fundación Paraguaya.
La señora Luz se dedica a la venta de ao po’i (ropas típicas paraguayas, bordadas), nos comenta que tiene muy buena venta, ya que es muy solicitada la ropa de ao po’i. Muchas personas, en especial turistas lo admiran mucho. Ella sueña con poder expandirse y que sus prendas vayan al exterior.
Ella solicita el crédito para la compra de hilos y bastidores, los cuales son esenciales para la elaboración de las prendas que vende. Agradece por la oportunidad que se le da a ella y también a su comité.
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