Primero De Diciembre Group
Blanca is one of its members. She is married and has three children. She works making crafts such as clay jugs, and embroiders hammocks, sheets, etc. with typical regional materials.
The loan requested will go towards covering expenses for supplies such as thread, needles, fabric, lace, etc. She will also use it to expand her business.
Una de las integrantes la señora Blanca es casada y tiene 3 hijos, se dedica a la artesanía hace cántaros, borda hamacas, sábanas, etc con materiales típicos del país.
El crédito solicitado sería para cubrir el gasto de los materiales como hilos, agujas, telas, encajes, etc. y también lo utilizaría para ampliar el negocio.
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