Las Tejedoras Group
The group’s president, Mrs. Norma, lives together with her husband and children. She makes handicrafts in ñanduti (a special kind of hand-made knitting) and also sells clothes. Norma says that she wants to inculcate in her children the art of ñanduti, a beautiful art and cultural heritage.
Norma is requesting this loan to buy threads and different needles needed for knitting. This is her largest source of income and her way to help her husband with the expenses.
La presidenta, la señora Norma vive con su marido e hijos, ella se dedica a la artesanía en ñanduti (tejido que se hace a mano) y también vende ropas. Comenta Norma que quiere inculcarles a sus hijos es gran arte de ñanduti, ya que es un hermoso tejido, herencia de nuestra cultura.
Norma pide este crédito para poder invertirlo en la compra de hilos, y agujas de diferentes clases, para poder seguir haciendo sus tejidos, el cual es su mayor fuente de ingreso y la forma con que ayuda a su marido con los ingresos de la casa.
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