Santa Lucia Group
The credit for each member is 475.000Gs, which is destined for different activities like the sale of food, haberdashery, general goods (rice, sugar, vermicelli, milk, bread, yerba, etc.), the sale of clothing, the sale of lingerie, the sale of ice creams, etc.
All of the women do these activities to collect funds, and they help each other mutually to achieve the common objectives that they all have within the group and with the Fundación Paraguaya.
El promedio de crédito retirado por cada integrante es de 475.000 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 ropas ,venta de lencerías, venta de helados , etc.
Todas ellas realizan actividades para recaudar fondos, se ayudan mutuamente para llegar a los objetivos en común que todas tienen dentro del grupo y con la 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