These women are very active, and the majority of them sell their products on the streets, or participate in other activities. They are looking for a little more support through credit so they can increase their income and improve their quality of life.
They need this operation to invest in their respective jobs in order to achieve a sustainable amount of growth that allows them to develop individually and as a group.
1 Justina A.- Small grocery store
2 Gladys A.- Food sales
3 Juana C.- Undergarment sales
4 Ana R.- Avon cosmetics sales
5 Anatolia P.- Herbal medicine sales
6 Norma G.- Small grocery store
7 Estela G.- Vegetable sales
8 Selvina B.- Perfume sales
9 Rosalia C.- Hen sales
10 Andresa G.- Clothing sales
11 Faustina R.- Chipa (a local bread) sales
12 Ma-Norma Z.- Clothing sales
13 Luciana F.- Undergarment sales
14 Florentina D.- Vegetable sales
15 Fidelina G.- Vegetable sales
16 Gricelda D.- Traveling sales
17 Mirian R.- Herbal remedies sales
There are 18 members of this committee, however one member decided to save her money, rather than take out a loan this cycle.
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