The committee is called Ko’eju and is characterized by the unity, dynamism and mutual respect of those who through this means have strengthened the bond between them. They are currently in their 15th cycle with a grade of ‘excellent.’ It is composed of 12 members.
Nora is one of the members. She wants the loan to buy pigs because she raises pigs. She removes the fat from them to make other foods or sells them to firms or cooperatives that manufacture cured meats.
El comité lleva por nombre Ko'eju, se ha caracterizado por la unidad, su dinamismo y respeto mutuo, de quienes por medio de este emprendimiento fortalecerían el lazo entre ellas, actualmente se encuentran en el décimo quinto ciclo con calificación excelente, integrada por 12 emprendedoras señoras.
La sra. Nora, una de las integrantes, desea el crédito para comprar cerdos, ya que ella se dedica a la cría de cerdos y de ellos quita la grasa que necesita para hacer otros alimentos, o bien los vende luego a las empresas o cooperativas que realizan embutidos.
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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