Arroyo Syry Group
Luz is one of these women. She sews for a living and tell us that she always has a lot of work, thanks to the majority of her neighbors always bringing her work for her to do. By means of this work she is able to help her family, giving them what they need for a better life and without deprivation.
She is requesting a loan to buy cloth, thread, lace, buttons, zippers, and other supplies that she needs to be able to continue working in a way that she can continue complying with the demands of her clients. She, like her companions, is very grateful to kiva and the Paraguayan foundation.
Luz es una de estas mujeres, ella se dedica a la costura en general, y nos cuenta que siempre está con mucho trabajo, gracias a que la mayoría de sus vecinos siempre le acercan trabajos para que haga. Por medio de este trabajo ella puede ayudar a su familia, dándoles lo que necesitan para una vida mejor y sin privaciones.
Solicita el crédito para la compra de telas, hilos, encajes, botones, cierres y demás insumos que necesita para poder seguir trabajando, de modo que pueda seguir cumpliendo con la demanda de sus clientes. Ella al igual que sus compañeras está muy agradecida con kiva y fundación paraguaya.
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