Divino Niño Jesus Group
Natividad is one of the group members who feels benefitted by the Fundación’s program. She makes crafts in general and this is how she generates income she and her family need.
She asks for the loan to buy thread, fabric, needles and other supplies to continue making crafts and giving her family everything they need.
La Sra. Natividad es una de las integrantes que se siente beneficiada con el programa de la fundación. Ella se dedica a la producción de artesanías en general y así va generando los ingresos que necesita para ella y su familia.
Ella solicita el crédito para la compra de hilos, telas, agujas y demás insumos con los cuales podrá seguir haciendo sus artesanías y dándole a su familia lo que necesitan.
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