The women of this committee are from the neighbourhood, San Isidro, of the city of Caacupe. The president, Carmen S., lives with her husband and her children. She is a hard working woman that invests her loans into her business. She owns a small pastry shop and is very satisfied with the help provided by the Foundation and Kiva. Thanks to them, her business has been continually growing. As a result, she has been able to improve her and her family's quality of life. She is applying for a new loan to purchase raw materials for making baked goods, such as flour, sugar, yeast, and other ingredients.
Las mujeres del presente comité son del barrio san Isidro de la ciudad de Caacupé.
La Presidenta, la Sra. Carmen S. vive con su marido e hijos, es una mujer muy trabajadora, invierte su crédito en su negocio.
Posee una pequeña confitería, está muy conforme con el apoyo brindado por la Fundación y por su intermedio a kiva.
Ya que gracias a ello su negocio va creciendo cada vez más, de esa forma logra mejorar su calidad de vida y la de su familia.
Solicita nuevamente el préstamo para la compra de materia prima para la elaboración de confites como harina, azúcar, levaduras y otros.
About Fundación Paraguaya
Fundación 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.