Mujeres Progresistas Group
The average amount borrowed on credit of each member is 300Gs. which goes toward their endeavors such as the sale of beverages, garlic, cleaning products, clothing (notions), cassava, fabrics, pillows, fruits and vegetables, food, etc.
All these women work toward paying back the money through their sales, working together to reach the common objectives that all the women of the Fundación Paraguaya share.
They all actively participate in weekly meetings and have formed an impeccable collective effort.
El promedio de crédito retirado por cada integrante es de 300.000 Gs.,lo cual va destinado para diferentes actividades tales como: venta de bebidas, venta de ajo, venta de productos de limpieza, venta de ropas (mercería),venta de mandioca, venta de telas, venta de almohadas, venta de frutas y verduras, venta de comidas, 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.
Participan activamente en las reuniones semanales y tienen un trabajo solidario impecable.
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