This committee (La Milagrosa) is from the town of Villa Elisa. It has 17 members who are all women. They are all friends and neighbors from the same town. They have seen in Fundación Paraguaya's program a great opportunity to make progress and so they have come together in order to improve their families' well-being.
Andresa is one of the members of this group. She tells us that her business is selling charcoal and it makes her the income she needs to help her family. She says that her sales are going very well as charcoal is very much in demand lately because it is cheaper.
Andresa is requesting this loan to buy charcoal so that she can stock up.
Este Comité la milagrosa es de la ciudad de Villa Elisa, está integrado por 17 mujeres quienes son todas amigas y vecinas de esa ciudad. Ellas han visto una gran oportunidad de progreso en el programa de la fundación, y es por ello que se han unido, para mejorar las condiciones de sus familias.
Andresa es una de las integrantes del grupo, y nos comenta que ella se dedica a la venta de carbón, con lo cual puede tener los medios para ayudar a su familia. Comenta que le va bien en las ventas, ya que el carbón últimamente es muy solicitado pues es más barato.
Ella solicita el crédito para la compra de carbón, con lo cual podrá abastecerse y de esa forma tener más de este producto en su stock.
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.