Koe Pyahu Group
Olga serves and the group’s president and works as a housekeeper in the mornings and sells costume jewelry in the evenings. She works hard every day to provide a dignified life to her family; she has a three year old son. Her husband works in an upholstery shop. She is a very active and responsible lady.
[Olga] is asking for this loan to buy costume jewelry to sell and be able to continue helping her husband with the daily expenses.
La Presidenta del Grupo es la Sra. Olga, ella se dedica por la mañana Limpiar una casa de familia y por las tardes vende bijouteries que lucha día a día para dar una vida digna a su familia tiene un hijo de 3 años, a la misma le ayuda su esposo que trabaja en una tapicería. Es una señora muy activa y responsable.
Solicita de este crédito para la compra de bijouterie para la venta, y así seguir ayudando a su esposo con los gastos del día a día.
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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