Mujeres Unidas Group
In this way, between neighbors and friends, the group grew and today each member works and is able to access credit to invest in her work, emergencies or other needs.
To make their repayments, the members collect money from their work activities and in this way meet their responsibilities together. One of the members is Hermelinda, an active and hardworking woman.
She owns a farm, raising various animals and selling milk, eggs, hens, and other products to her neighbors in the area. Hermelinda invested her loan in the purchase of wholesale animal feed.
De esta manera entre vecinas y amigas se agruparon y hoy día se encuentran trabajando cada una en su trabajo pero con la posibilidad de obtener un crédito para invertirlos en sus actividades o en otras urgencias o necesidades.
Ella para cubrir las cuotas del crédito organiza actividades que para recaudar fondos y de esa manera cumplen la responsabilidad en conjunto.
Una de las integrantes es la señora Hermelinda, una mujer muy activa y trabajadora.
Ella tiene una granja en su casa con crías de varios animales y los productos que obtiene los vende a varios negocios y a vecinos de la zona.
Produce y vende leche, huevos, gallinas y otros e invirtió el dinero en la compra de alimentos para sus animales al por mayor.
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