San Miguel Group
The women have managed to form a committee in which discipline and respect of the committee's regulations are an unquestionable rule.
The group meets every Sunday in the financial coordinator's house.
The group's president is Ines. She has a number of business activities but her main source of income is selling used clothes. Her business is doing very well in terms of sales because her prices are much lower than those for new clothes and she works in her own home.
Ines is requesting a loan to buy bundles of used clothes.
Lograron formar un comité en el que la disciplina y el respeto a las normas del comité son una regla indiscutible.
Se reúnen todos los domingos en la casa de la coordinadora de finanzas.
La Presidenta quien es la señora Ines, por ejemplo se dedica a varias cosas pero su ingreso principal es la venta de ropas usadas que la muy bien en cuanto a la venta ya que el precio es mucho menor que las prendas nuevas y trabaja en su propia casa gracias.
Ella solicita el préstamo para la compra de fardos de ropas usadas.
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