Virgen De La Misericordia Group
Once she got advice, she was able to bring 16 women together and they are all now comfortably working on their fourth cycle.
All of them do different things to gather funds to mutually help one another to reach their common goals within the group and with Fundación Paraguaya. Silvia sells meat and has been doing so for several years. She supports her family this way, but since she has many customers, the demand is greater than supply, so she is asking for this loan to be able to buy more meat to satisfy her customer demand.
Una vez asesorada acerca del programa logró juntar a 16 mujeres quienes se encuentran trabajando muy a gusto ya en el 4° ciclo.
Todas ellas realizan actividades para recaudar fondos, se ayudan mutuamente para llegar a los objetivos en común que todas tienen dentro del grupo y con la Fundación Paraguaya.
La sra. Silvia se dedica a la venta de carnes, es una actividad que lo viene realizando desde hace varios años, y es el medio mediante el cual mantiene a su familia, como posee mucha clientela la demanda supera su capacidad de abastecimiento, por eso solicita el crédito, para poder comprar más carnes de modo a poder satisfacer las necesidades de sus clientes.
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