Kuña Pyryry Group
Silvina is one of the members, and through sewing she has helped her family. She says that she always has a lot of orders. She is very well received by her customers because of the good work that she does.
That is why she is requesting the loan. She wants to be able to buy fabric, thread, buttons, and other items in order to be able to complete her customers’ orders.
Una de ellas es la Sra. Silvina, quien mediante la costura ha ayudado a su familia. Cuenta ella que siempre está cargada de muchos pedidos, ya que es muy bien acogida por sus clientes por el buen trabajo que hace, y es por ello que solicita el crédito, ya que quiere poder comprar telas, hilos, botones y demás, con los que podrá seguir cumpliendo con los pedidos de sus clientes.
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