Mariciana is a member of the group and she makes and sells costume jewelry. She has been in business for quite some time. She makes all kinds of jewelry, earrings, rings, etc. Because of her great creativity she always has beautiful products which are very popular among her customers.
She is requesting a loan to buy beads, thread, hooks, clips, sequins and other supplies she needs to make the jewelry she sells. She is grateful to the foundation and Kiva for this opportunity.
Mariciana es una de las miembros del grupo, ella se dedica a la venta y elaboración de bijouterie desde hace un tiempo. Cuenta que hace todo tipo de joyas, aros, anillos y demás. Gracias a la gran creatividad que tiene siempre tiene lindo productos que ofrece a sus clientes y los cuales tienen buena aceptación.
Ella solicita el crédito para la compra de perlas, hilos, ganchos, pinzas, lentejuelas y demás insumos que necesita para poder hacer los bijouterie que vende. Está agradecida con la fundación y kiva por la oportunidad que está recibiendo.
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