The group, San Miguel, was formed thanks to various friends and neighbors in the city of Santani. These women all take care of families, and shared the goal of generating income to help support their families. They are all working enthusiastically within the program, "enterprising women" within the foundation and they want to reach the highest level they can.
One of these women is Lourdes, who thanks to her hard work and sacrifice has been able to help improve the quality of life for her family. Lourdes raises pigs and hens, which has helped generate income for the daily household expenses. She says her work is very hard but she would like to continue growing her business. Her portion of the loan will be used to buy small hens to raise and sell, and to purchase feed for her pigs.
San Miguel se formo gracias a la unión D. varias vecinas y amigas D. la ciudad D. Santaní, ellas son mujeres jefas D. familia que tienen como objetivo ayudar a sus familias por medio D. su trabajo y gracias al apoyo D. sus compañeras D. grupo. Ellas están trabajando muy a gusto dentro del programa D. mujeres emprendedoras D. la fundación y les gustaría poder llegar al máximo nivel del programa.
Una D. esas mujeres es la señora Lourdes, quien gracias a su sacrificio y trabajo ha podido ayudar a su familia y sacarlos adelante. Ella nos comenta que se dedica a la cría y venta D. cerdos y gallinas, lo cual la ha ayudado en los gastos diarios D. la casa. Dice que su trabajo es muy sacrificado, pero que le gustaría poder seguir.
Ella solicita el crédito para la compra D. gallinas pequeñas para la cría y posterior venta, así también para la compra D. alimentos para cerdos.
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.