Mujeres En Acción Group
The committee is named “Mujeres en Acción”. The group is on its 8th cycle with 11 members. The group is very united, supportive and responsible. The members have a great enterprising spirit. They stay up to date with their payments by working to collect funds to repay the loans, with motivation and they want to try to finish this cycle responsibly with institution.
Juliana, for example, sells drinks. She usually provides drinks for birthday parties, weddings, or other celebrations in the area. She is very well known for the good service she offers. However, her goal is to improve her quality and add some variety to her business. For this reason, she is requesting a loan from Kiva and she hopes she will receive financial help.
El comité se denomina “Mujeres en Acción”, está en el Octavo Ciclo con 11 integrantes. Es un grupo muy unido, solidario y responsable, las integrantes poseen un gran espíritu emprendedor, ya que están al día con las cuotas, realizan actividades de recaudación de fondos, como también de motivación, y pretenden terminar esta etapa con muy buen cumplimiento de responsabilidad con la institución.
La sra. Juliana, por ejemplo, se dedica a la venta de bebidas, ella provee generalmente para fiestas de cumpleaños, bodas o festejos varios que se realizan en su zona, es muy conocida por la buena calidad que ofrece, pero su meta es aumentar dicha calidad, y aumentar variedad a su negocio, por ello solicita el préstamo de Kiva, esperando contar con su ayuda financiera.
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