The average loan taken out by each participant is 480,000 Guaranís, which will be used for different activities such as: selling meals, or notions, or supplies for the pantry (rice, sugar, noodles, dairy products, baked goods, yerba tea, etc.), selling fruits and vegetables, or meat, or selling Torta de Miel (honey cake), etc.
The Renacer Group is an excellent group who are working together. All of the members attend the weekly meetings and take part in activities for the common good of the group.
El promedio de crédito retirado por cada integrante es de 480.000 Gs., lo cual va destinado para diferentes actividades tales como: venta de comidas, venta de mercerías, venta de mercaderías para la despensa (arroz, azúcar, fideos, lácteos, panificados, yerba, etc.), venta de frutas y verduras, venta de carne, venta de tortas de miel, etc.
El grupo Renacer es un excelente grupo, que trabaja en forma solidaria, todas las integrantes asisten a las reuniones semanales y realizan actividades para el bien común del grupo.
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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