Ms. Ramona L. is the person who managed to form a committee in the place where she lives, which is in Acaray Km 20 in the San Felipe neighborhood in Ciudad del Este ("City of the East"). She contacted her neighbors and friends to form the committee in that area. The committee is called "Kuña Marangatu" and is in its fifth loan cycle. It has 14 members, each with her own livelihood. They are very united, responsible and supportive of each other.
Mrs. Ramona has a grocery store to support her family full time. She needs a loan to purchase a wider variety of products to better satisfy her customers. She would like to buy more fruits, vegetables, baked goods, beverages, etc.
La Sra. Ramona L. fue quien gestionó para que se forme el comité en el lugar donde vive, que es en el Km 20 Acaray barrio San Felipe, en Ciudad del Este. Ella contactó con sus vecinas y amigas para conformar el comité en dicha zona.
El comité se denomina “Kuña Marangatu”, está en el quinto ciclo, cuenta con 14 integrantes con sus respectivas actividades productivas. Son muy unidas, responsables y solidarias entre ellas.
La sra. Ramona posee una tienda de comestibles, para poder sustentar a su familia día a día, por ello necesita del crédito para adquirir productos más variados y satisfacer mejor a sus clientes. Desea comprar más frutas, verduras, panificados, bebidas, etc.
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.