There a total of eleven women dedicated exclusively to creating artisanal crafts and they all generate weekly income. Therefore, the loan is extremely important for the creation of their bedspreads, tablecloths, and hammocks. They intend to improve the quality of their craftsmanship and they are motivated by their desire to improve their income. One of the members of the group, Jacinta, makes various crafts on an ongoing basis and helps support her family financially with this income. She is requesting the loan to purchase supplies such as paints, paintbrushes, thread, lace, etc.
En total son 11 mujeres que se dedican exclusivamente a la artesania,todas generan ingresos semanalmente por tal motivo es de suma importancia el crédito para la elaboración de sus colchas, manteles, hamacas .Ellas pretenden mejorar su calidad de trabajo, estan motivadas en sus actividades con el deseo de mejorar su ingresos.
Una de las integrantes del grupo, la sra. Jacinta, realiza de manera permanente artesanías varias; con esto ella ayuda económicamente a su familia.
Solicita el crédito para poder comprar sus insumos como pinturas, pinceles, hilos, encajes, etc.
About Fundación Paraguaya
Fundación 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.