This group was formed thanks to the effort of one of its members, who with the desire to help her friends and neighbors, became informed [about the loan process] and this motivated her to form the commitee. They are hard-working, determined, and very enterprising women, who with a lot of effort and sacrifice fight for their families. One of the members is Blanca, who works in sales. She informs us that she sells all types of products, such as blankets, sheets, and other articles, and that it is going very well for her because she already has well-defined customers who always buy from her. One of her dreams to to be able to have her own place where she could offer her products. She describes herself as a determined, hard-working, and very enterprising woman. She requests the loan in order to purchase blankets, sheets, and other articles to later sell. She thanks the foundation and Kiva for the opportunity that they are giving her.
Este grupo se formo gracias al esfuerzo de una de las miembros, quien con las ganas de ayudar a sus amigas y vecinas se informo y les motivo a formar el comité. Ellas son mujeres trabajadoras, luchadoras y muy emprendedoras, quien con mucho esfuerzo y sacrificio luchan por sus familias.
Una de las integrantes es la señora Blanca, quien se dedica a las ventas. Nos comenta que vende todo tipo de artículos, como ser frazadas, sábanas y demás artículos, en lo cual le va muy bien, porque ya tiene una clientela bien definida que siempre compran de ella. Uno de sus sueños es poder tener un local propio donde ofrecer sus productos. Ella se define como una mujer luchadora, trabajadora y muy emprendedora.
Solicita el crédito para la compra de sabanas, frazadas y demás artículos para la posterior venta. Agradece a la fundación y a kiva por la oportunidad que estas le están dando.
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.