Jaiko Porave Rekavo Group
Aside from the independent work that each one does, they also do activities together to raise money to create capital within the group. They also help each other out to meet their objectives, especially that of working to support their families economically.
One very moving story is that of Mrs. Petrona Benitez, who is a street vendor. She tells us that she asked for a loan to improve her business and administration; her quality of life and income. She says that through this business her family's economic situation improved substantially and that she now also receives a small pension for her husband who is a paraplegic, which helps cover the family's costs.
According to Petrona, the activities that she does with the Fundacion Paraguaya are very important since they allowed her to develop her work capacity and self-esteem.
Además del trabajo independiente de cada una, también desarrollan actividades en forma conjunta para recaudar fondos con el fin de contar con un capital dentro del grupo, a la vez se ayudan mutuamente para llegar a los objetivos, principalmente el de trabajar para apoyar económicamente a sus familias en especial.
Una historia muy conmovedora es la de la Sra. Petrona B., quien se dedica a ser macatera, vendedora ambulante, nos comenta que solicita el crédito para mejorar su actividad y su administración; su nivel de vida e ingreso económico.
Ella comenta que mediante este negocio la economía de la familia mejoró bastante ya que actualmente posee también una pequeña pensión de su marido que es parapléjico para poder solventar los gastos.
Según la Sra. Petrona las actividades que realizan con la Fundación Paraguaya son muy importante ya que mediante ellas pudieron desarrollar sus capacidades de trabajo y autoestima.
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