San Cayetano/ Belén Group
As well as each woman having her own individual work, the group carry out activities together in order to make funds so that they have some capital within the group. They also help each other to achieve their goals. Their main goal is to work in order to financially support their families.
The story of Feliciana M. is a very moving one. Feliciana buys and sells meat, cheese and eggs, etc. She tells us that with her loan she has been able to improve her business quite a lot, as well as her standard of living and her income.
Feliciana comments that the work which Fundación Paraguaya does is very important because she never found this kind of opportunity elsewhere, since she is very poor.
Además del trabajo independiente de cada una, también desarrollan actividades en forma conjunta para recaudar fondos con el fin de contar con un capital dentro del grupo, a la vez se ayudan mutuamente para llegar a los objetivos que es la de trabajar para apoyar económicamente a sus familias en especial.
Una historia muy conmovedora es la de la Sr. Feliciana Martínez quien se dedica a la compra y venta, de carne de animales, queso huevo etc. nos comenta que mediante el crédito pudo mejorar bastante su actividad y su nivel de vida e ingreso económico.
Según la Sra. Feliciana mencionó que la actividad que realiza la Fundación es muy importante ya que ella nunca encontró este espacio en otro lado por ser muy pobre.
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