Kuña Rory Group
Our member, Sra. Basilia, and her husband, Sr. Epifanio, have 3 children. She has operated a crafts business for many years. She tells us that everyone in her family is working to get ahead. She and her husband work especially hard because they want to be able to give their children everything that they were unable to buy for themselves before.
Sra. Basilia is applying for a loan that she use to buy the supplies she needs--fabric, paint, thread, brushes, etc.--to operate her business.
Una de las integrantes del grupo es la Sra. Basilia quien tiene 3 hijos, y cuenta que está casada con el Sr. Epifanio. Ella se dedica hace varios años a realizar manualidades. Cuenta la Sra. Basilia que todos en su familia se ayudan para salir adelante, en especial ella y su marido luchan por sus hijos, para poder darles todo lo que ellos no pudieron tener antes.
Ella solicita el crédito para la compra de telas, pinturas, hilos, pinceles y demás insumos para poder seguir haciendo las manualidades que vende.
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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