This communal bank is called “La Esperanza 2" (Hope 2) in tribute to the opportunities that are provided by the Fundación Paraguaya, since these women will have new opportunities to start up a better business, contribute more income to their households, and in this way provide for the well-being of their children. This group is in its 5th loan cycle in the Enterprising Women program of the Fundación Paraguaya.
Nilda has been selling clothing for a while. She tells us that she has very good sales, because she always has a good variety of garments, and this is what allows her to attract customers. Thanks to her work, she has been able to get ahead and also help her family with the household expenses. Her goal is to have a big clothing store where she could offer more clothing for sale.
She is requesting a loan to buy summer clothing, as it is now summer and she needs to stock up with better products.
El comité se Denomina “La Esperanza 2” en homenaje a la oportunidad que le brinda la Fundación Paraguaya; ya que las mismas señoras 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 grupo está en el quinto ciclo del programa de mujeres emprendedoras de la fundación Paraguaya.
Nilda vende ropas desde hace ya un tiempo, cuenta que tiene muy buena venta ya que siempre tiene buena variedad de prendas y es ello lo que atrae a los clientes. Gracias a su trabajo ella ha podido salir adelante y también ayudar a su familia con los gastos diarios. Su meta es tener una gran tienda de ropas donde poder ofrecer más.
Ella solicita el crédito para la compra de prendas de verano, pues estamos en el verano y necesita abastecerse con mejores productos.
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.