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Las Tejedoras De Ñanduti 2 Group
In this Group: Blanca , Gidolina , Basilia , Gladys , Maria , Marciana , Beatriz , Olga , Ninfa , Rafaela , Claudelina , Rosalva , Elena , Silvia , Maria
The women of "Las tejedoras de ñandutí 2" Group (the ñandutí knitters) are hard-working people and very grateful to the microfinance institution Fundación Paraguaya for their loan facility, because it enables them to have access to credit and invest in their business or launch a new commercial activity.

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.
View original language description ↓
Las Sras del comité Las tejedoras de ñanduti II, son personas muy trabajadoras, ellas están muy agradecidas con la fundación porque gracias a las facilidades de los créditos ellas pueden acceder a él y de ese modo invertir en sus negocios y otras iniciar una actividad comercial.
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.

Additional Information

About Fundación Paraguaya

Fundación 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.

About Paraguay

  • $4,555
    Average annual income
  • 62
    View loans »
    Paraguay Loans Fundraising
  • $27,561,850
    Funds lent in using Kiva
  • 4,410.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Tejedoras De Ñanduti 2 Group's $3,400 loan helped a member to buy thread and needles for her knitting activity.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2012
Listed
Feb 27, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012