Mujeres Artesanas Group
The president of the committee is Rocio, who is married and has a son. She works in floral artisanal crafts, making decorations and more. This job helps her to pay household expenses with her husband. Rocio and the other members are very satisfied with the financial support that is being offered to them by the Fundación Paraguaya and Kiva.
Rocio is asking for the loan to buy flowers in order to fill some orders she has.
La presidenta del comité es la señora Rocio, quien está casada y tiene un hijo. Ella trabaja en la artesanía en flores, haciendo adornos y otro tipo de adornos. Este trabajo le ayuda a llevar junto con su marido los gastos de la casa. Rocio, como también sus compañeras están muy satisfechas con el apoyo económico que les está brindando la Fundación Paraguaya y kiva.
Rocio solicita el crédito, para la compra de flores, con lo que podrá cumplir con pedidos que tienes.
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