The committee is called Mujeres Unidas del Piro and they are in their second cycle with 11 members. It is a very united, supportive and responsible group. The members have a great entrepreneurial spirit and are up to date on their payments. They do fundraising and motivational activities and intend to finish this stage being responsible with the institution.
Justa is one of the members of the group. She is a hardworking and a fighter. She tells us that sine she was young she has worked and she is not afraid of challenges. She sews, and thanks to her work she has been able to always help her family with the expenses that come up day to day.
She is asking for the loan to buy fabric and thread with which she will continue to work and at the same time grow her business.
El comité se denomina Mujeres Unidas del Piro`y, están en el Segundo Ciclo con 11 integrantes. Es un grupo muy unido, solidario y responsable, las integrantes poseen un gran espíritu emprendedor, ya que están al día con las cuotas, realizan actividades de recaudación de fondos, como también de motivación, y pretenden terminar esta etapa con muy buen cumplimiento de responsabilidad con la institución.
Justa es una de las integrantes del grupo, es una mujer muy trabajadora y luchadora, nos cuenta que desde joven ha trabajado y que no teme a los desafíos. Ella se dedica a la costura, y gracias a su trabajo ha podido ayudar siempre a su familia con los gastos que surgen día a día.
Ella solicita el crédito para la compra de telas e hilos, con lo cual podrá seguir trabajando y a la vez creciendo con su negocio.
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.