Rosana is one of its members and she is a craftswoman. She makes embroidered lace and ñanduti (a particular traditional style of embroidered lace) which she attaches to sheets, pillows, tablecloths, placemats, clothing, etc.
She will use the requested loan to purchase the materials she needs, such as needles, thread, lace, scissors, fabric, etc. This will allow her business to reach a larger customer base, generate more income, and increase personnel capability.
Una de las integrantes la señora Rosana se dedica a la artesanía, ella se dedica a hacer bordados de encajes y de ñanduti y lo coloca en sábanas, almohadas, manteles, individuales, en ropas, etc.
El crédito solicitado lo utilizaría para comprar los materiales que necesita como agujas, hilos, encajes, tijeras, telas, etc que le ayudarían a que su negocio crezca en clientela, ingresos y capacidad del personal.
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