Presentación is the president of the group. She says she works making and selling handicrafts out of karanday, which is a type of wood. She has done this work for a long time and has good sales because her pieces are highly prized. She's someone who has managed to get ahead and help her family in spite of everything.
She's requesting this loan to buy karanday wood, paint, varnish, and other supplies to be able to continue making her handicrafts and so continue helping her family.
Presentacion es la presidenta del grupo, cuenta que se dedica a la elaboración y venta de artesanías en Karanday, que es un tipo de madera, cuenta que desde hace mucho hace este trabajo y que tiene buena venta, ya que sus artesanías son muy apreciadas, ella es una persona que pese a todo ha logrado salir adelante y ayudar a su familia.
Ella solicita esta ayuda para utilizarla en la compra de karanday, pinturas, barnices y demás insumos para poder seguir haciendo sus artesanías y de esa forma seguir ayudando a su familia.
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