Perpetuo Socorro Group
Avelina is one of the members who mostly does crafts that allow her to give her family everything they need day to day. She is very grateful and proud to be part of the Enterprising Women Program which makes it possible for her to dedicate herself exclusively to her work which is most important to her.
This time the loan request is to buy thread, needles, fabric and other supplies she needs to be able to continue making the crafts she sells.
La Sra Avelina es una de las integrantes que mayormente se dedica a la artesania con lo que puede darle a su familia todo lo que ellas necesitan para el día a día. Ella está muy agradecida y orgullosa por ser parte del programa Comité de Mujeres Emprendedoras mediante eso ella puede exclusivamente dedicarse a su actividad que es sumamente importante para ella.
Esta vez solicita el crédito para la compra de hilos, agujas, telas, y demás insumos que necesita para poder seguir haciendo las artesanías que vende.
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