Guarani - Ka’Aguy Group
One of the members is Francisca, who is a vendor of blankets, sheets, pots, and other products. She comments that she sacrifices a lot for her job since she needs to cover long distances in order to sell her products. However, she tells us that she is very proud of what she does since it's a dignified and honorable job. She is seeking a loan from this foundation and from Kiva so that she may purchase sheets, blankets, and other products in order to have more variety to offer to her clients.
Una de las miembros es la señora Francisca, quien se dedica al macate(venta ambulante) de frazadas, sabanas, ollas y demás tipos de productos. Ella comenta que su trabajo es muy sacrificado, ya que tiene que recorrer grandes distancias para ofrecer sus productos, pero nos cuenta que esta muy orgullosa de lo que hace, pues es un trabajo digno y honrado.
Ella solicita la ayuda de la fundación y de Kiva para la compra de sabanas, frazadas y demás productos, con lo que tendrá más variedad que ofrecer a 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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