San Cayetano Group
A story worth telling is that of Damasia, a very modest woman from the area who weaves hammocks and blankets. She has two children and her husband is a bricklayer, but sometimes they don't have enough to support their house and children. Demasia was very moved when they made her the offer, because she'd never been given this opportunity for credit, and since they've already been of so much help.
This time the group is turning to the foundation again to ask for a loan, which they want to invest in the purchase of yarn, needles, and other goods with which they will be able to continue working.
Una historia digna de rescatar es el de la sra. Damasia Fque es una señora muy humilde de la zona que se dedica a tejer sus hamacas y frazadas, tiene 2 hijos, su marido es albañil pero a veces faltan recursos para mantener la casa y a los hijos. Ella se emocionó bastante cuando le hicieron el ofrecimiento porque nunca le habían dado esta oportunidad de crédito ya que le ha sido de demasiada ayuda.
Esta vez acude a la fundación nuevamente para solicitar un préstamo, que desea invertir en la compra de hilos, agujas y demás insumos con cuales podrá seguir trabajando.
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