Mujeres Progresistas Group
The women are very happy with the economic support provided by Fundación Paraguaya. With their loan capital, the women of this group will improve their small businesses and in doing so their income streams so that they can better their lives and those of their children.
The women are in their first cycle, and their group has 10 members.
One of the members is Mrs. Cándida, who specializes in the preparation of food for sale. She cooks for various employees of manufacturing plants in the area. She has numerous projects to improve her house as well as improve the foods she prepares for herself and her family. It is for this reason that she has asked for the loan.
Las señoras están muy satisfechas con el apoyo económico que les está brindando la Fundación Paraguaya, con este capital las señoras están aumentando sus pequeños negocios y así también sus ingresos para una mejor calidad de vida y la de sus hijos.
Las señoras están en el ciclo Nº 1º con sus 10 integrantes.
Una de las integrantes es la señora Cándida quien se dedica a la elaboración de comestibles.
Ella cocina para varios empleados de varias fábricas de la zona.
Comenta que cuenta con varios proyectos para mejorar su vivienda y asi tener mejores comidas para su ella y su familia para lo que solicita el préstamo.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid