In addition to the businesses that each one of them has, they also develop joint activities in order to raise funds with the objective of having sufficient capital within their group. They also help each other to reach their goals, especially with regard to supporting their families.
Justina is the president of this group, and she managed to start up a small store where she is increasing her inventories with her earnings and with the loans that she obtains. In addition, she also sells beef stew that her husband brings from Asuncion monthly. Justina wants to have this loan so that she can buy more products for her store, such as: bread, fruit, vegetables, grains, etc.
Además del trabajo independiente que realiza 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 para apoyar a sus familias en especial.
La Señora Justina es la presidenta del comité, logró crear un pequeño almacencito que va aumentando de productos con la ganancia obtenida y gracias al avance del ciclo que tienen, además se dedican a la venta de puchero de carne que su marido trae de Asunción mensualmente.
Justina desea obtener este crédito para poder comprar más productos para complementar su almacén, como panificados, frutas, verduras, cereales, etc.
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