Alfreda is one of the members. She sells costume jewelry in an itinerant manner. She goes to the houses offering her customers modern designs that are colorful and youthful. She does this business activity with dedication in order to make a better future for her and her family.
She needs the loan to buy greater quantities of raw materials like string, beads, scissors, and fishing line, etc. Thanks to this she contributes to her house a net income that comes from her own effort.
Una de las integrantes la señora Alfreda se dedica a la venta de bijouteri de forma ambulante, la señora recorre las casas ofreciendo a sus clientes diseños modernos coloridos y juveniles, esta actividad la realiza con esmero y en pro de un futuro mejor para ella y su familia.
La señora necesita del crédito para comprar mayor cantidad de materia prima como hilos, canutillos, tijeras, hilo de pescar, etc. Gracias a eso ella aporta a su casa un ingreso neto que proviene de su propio esfuerzo.
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