San Marcos Group
Julia is requesting a loan to purchase yarn, needles, dyes and other items that she always uses in her woven goods. She explains that she sees in KIVA and Fundación Paraguaya a great opportunity for her to succeed.
La Sra Julia es una de las señoras que plenamente se dedica a su trabajo para cumplir con sus obligaciones su actividad de todos los días se basa en tejer colchas en su propia casa y por medio de este trabajo ha logrado mantener a su familia. Ella nos dice que todo lo que hace es por darle un estilo de vida diferente a todos los suyos.
Ella solicita el crédito para la compras de hilos, agujas, colorantes y demás, los cuales siempre utiliza para sus tejidos. Ella cuenta que ve en Kiva y fundación paraguaya una gran oportunidad para poder progresar.
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