San Agustin Emboscada Group
Jorgelina sells hats made of palm fronds. She is very talented and makes these herself. Thanks to this gift she is able to progress. She sells her goods in various areas of the city and because of this she can progress.
She is asking for this loan in order to buy more palm fronds. This is the most important item she needs to make her hats. She is thankful for the opportunities that the group and their families receive.
Jorgelina, ella cuenta que se dedica a la venta de sombreros de caranday, que ella misma hace, es una persona con mucha habilidad y es gracias a esto que está saliendo adelante. Vende por varias zonas de la ciudad y con ello está saliendo adelante.
Solicita de este crédito para poder invertirlo en la compra de caranday, que es su principal insumo para hacer sus sombreros. Agradece la oportunidad que ellas y sus familias están recibiendo.
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