Arasa Poty Group
The Arasa Poty committee is in its 5th cycle with 12 members. It is a group that stands out in the neighborhood for being very united, mutually supportive and responsible. The members have a great enterprising spirit since they are up to date with their payments and intend to finish this stage with very good results respecting responsibility toward the institution.
Salmi is the committee President. She has a general store where she works with some of her fellow members. They want to increase the list of stock items or products they offer so they need a loan because their own resources are still insufficient to do so. Getting the loan opens many doors for their enterprises’ progress.
El comité Arasa Poty está en el 5to. Ciclo con 12 integrantes, es un grupo que se destaca en el barrio por ser muy unido, solidario y responsable, las integrantes poseen un gran espíritu emprendedor, ya que están al día con las cuotas y pretenden terminar esta etapa con muy buen cumplimiento de responsabilidad con la institución.
La sra. Salmi es la presidenta del comité, ella posee una tienda general donde trabaja con algunas de sus compañeras, ellas desean poder aumentar su lista de mercaderías o productos a ofertar, por ello necesitan el crédito, ya que por recursos propios todavían están incapaces de lograrlo.
Al adquirir el crédito se le abren muchas puertas para el progreso de sus emprendimientos.
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