The "Rosa Mística" ("Mystic Rose") group consists of 17 women, all entrepreneurs who dedicate themselves to their work so they can provide for their families. Fátima, one of the members, makes a living selling sheets and tablecloths, and in this way she makes headway for her family. Her goal is to be able to have her own stable business. She is requesting the loan to purchase tablecloths and sheets of different sizes, styles and colors so she will be able to better satisfy he customers' tastes and generate more income.
El comité "Rosa Mística" esta integrado por 17 señoras, todas ellas emprendedoras y dedicadas al trabajo con el cual logran mantener a sus familias.
Fátima, un de las señoras que integra este comité, se dedica a la venta de sábanas y manteles, con esta actividad ella logra sacar adelante a su familia; su ideal es llegar a tener su negocio propio y estable.
Solicita el crédito para la compra de manteles y sábanas de diferentes tamaños, formas, colores con los que podrá satisfacer aún más los gustos de su clientela y generar mayores ingresos económicos.
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.