The committee is called “Virgen de Santa Inés.” The members are grateful for the opportunity Fundación Paraguaya is providing since they will have new opportunities to undertake better work contributing to family income and thus providing their children with improved wellbeing. The committee is in its first cycle and has 12 members. Each has her own productive activity. They are united, responsible and mutually supportive with one another.
Rafaela is one of the members. She tells us that she sells chickens and comments that she does very well because chicken has turned into an alternative to meat which is very expensive. She says that thanks to this work she’s been able to get ahead and help her family and to cover daily expenses.
She asks for the loan to buy chickens to stock up and meet customer demand. She thanks the foundation and Kiva for the opportunity they are providing her.
El comité se Denomina “Virgen de Santa Inés” .Las integrantes agradecen la oportunidad que le brinda la Fundación Paraguaya, ya que las mismas tendrán nuevas oportunidades para emprender un mejor trabajo, colaborando con los ingreso de su hogar y así brindarle a sus hijos un mejor bienestar. El comité se encuentra en el Primer Ciclo con 12 integrantes. Cada una con sus respectivas actividades productivas, son unidas responsables y solidarias las unas con las otras.
Rafaela es una de las miembros, ella nos cuenta que se dedica a la venta de pollos, comenta que le va muy bien, ya que los pollos se han convertido en una alternativa ya que la carne está muy cara. Dice que gracias a este trabajo ella ha podido salir adelante y ayudar a su familia y cubrir los gastos del día a día.
Ella solicita el crédito para la compra de pollos, con las cuales podrá abastecerse y cumplir con la demanda de sus cientes. Agradece a la fundación y a kiva por la oportunidad que esta le da.
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.