Las Tejedoras De Ñanduti 2 Group
The president of the group is Señora Blanca, who lives with her husband and children and knits ñandutí, a traditional embroidered lace of Paraguay. She and her fellow group members are constantly working to promote the integration of the group members and try to collect in advance the money to pay off their loan.
Blanca applies for this loan to buy thread and needles, which she needs to continue knitting ñandutí laces in order to financially support her family.
La presidenta, la señora Blanca vive con su marido e hijos, ella se dedica a la artesanía en ñanduti (Tejido típico paraguayo). Ella junto con sus compañeras realiza constantes actividades y de ese modo fomentar la integración entre las compañeras y tratar de adelantar sus cuotas.
Ella solicita el crédito para la compra de hilos y agujas, con las cuales podrá seguir haciendo su tejido en ñanduti, para que de esa forma pueda seguir ayudando con la economía de su familia.
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