La Alegria Group
Nilda, one of the members, describes herself as creative and hard working, with a great desire to succeed. She sells wood handicrafts that she makes. She tells us that her handicrafts are well known, as people truly appreciate them. Her skill has allowed her to get ahead. She can also help her family this way and meet their needs each day.
She is requesting this loan to buy wood, varnish, and tools to continue making her handicrafts.
Nilda, una de las miembros, se define como una persona muy creativa, trabajadora y con muchas ganas de salir adelante. Ella se dedica a la venta de artesanías en madera que ella hace y vende. Nos cuenta que sus artesanías son muy reconocidas ya que las personas lo aprecian mucho. Gracias a su habilidad es que ella ha podido salir adelante y ayudar a su familia, y de esa forma darles lo que necesitan para el día a día.
Ella solicita el crédito para la compra de madera, barniz, y herramientas para seguir haciendo sus artesanías.
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