Mujeres Virtuosas Group
The Committee is in its ninth loan cycle with the Program Committee of Entrepreneurial Women with the Paraguaya Foundation. It is made up of 18 members, all of whom work in different fields.
One of the members is Clotilde D., who used her loan to purchase seasonal clothing like shirts, shorts, and blouses. She says she makes good profits selling clothes. She wants to continue selling clothes since the job allows her to devote time to her family since she is only open certain hours of the day.
Actualmente el comité se encuentra en el noveno ciclo del Programa Comité de Mujeres Emprendedoras de la Fundación Paraguaya, y está conformado por 18 integrantes las cuales invierten en distintas actividades.
Así como la señora Clotilde D. quien invirtió el crédito en la compra de ropas para la temporada como de remeras, shorts, blusas y otros.
Comenta que la venta de ropas le deja una buena ganancia y desea seguir con la actividad ya que la misma le permite dedicarse a su familia también, ya que ella abre solo en algunos horarios.
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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