Kuña Arandu Group
Gregoria is one of this hardworking group’s members. She comments that she makes “ñanduti,” a traditional Paraguayan textile. She comments that she does quite well because her textiles are always highly sought after. She comments that her dream is that her product is exported and becomes very well known.
She requested the loan to buy all types of thread, needles and other supplies needed to make this textile that she sells. She is thankful for the opportunity she’s getting.
Gregoria es una de las integrantes de este grupo trabajador. Ella comenta que se dedica a la elaboración de ñanduti, el cual es un tejido tradicional de Paraguay. Comenta que le va muy bien ya que siempre es muy solicitado el tejido. Comenta que su sueño es que su producto sea exportado y de esa forma ser muy conocida.
Ella solicita el crédito para la compra de hilos de todo tipo, agujas y demás insumos necesarios para la elaboración del tejido que vende. Agradece por esta oportunidad que esta recibiendo.
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