San Roque Group
Maria is a knitter, and even at 65 years old is still dedicated to this activity. She wishes to invest in her activity so that she can grow her business. She has worked all her life and would like to continue to be able to feel useful and to continue providing for her home which is why she is always working so hard.
She is asking for help from Kiva and Fundación Paraguaya to buy needles and thread to be able to continue working. Maria is very grateful for the opportunity that she has received, especially as many times people do not want to help older people.
La Sra. Maria es tejedora, con 65 años de edad cumplidos aún se dedica a dicha actividad. El deseo de ella es implementar e invertir en su actividad para así ver crecer su negocio. Ella ha trabajado toda su vida y desea poder seguir sintiéndose útil, y seguir aportando en la casa, es por ello que se esfuerza siempre.
Ella solicita la ayuda de kiva y fundación paraguaya para la compra de hilos y agujas para poder seguir trabajando. Maria está muy agradecida por la oportunidad que ha recibido, ya que muchas veces las personas ya no quieren ayudar a las personas muy mayores.
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