The “Santa Elena” committee has 11 members that are in a variety of commercial activities ranging from the sale of food to the sale of flowers. The women in the committee are noted for being united, mutually supportive and above all for being enterprising since they all need to increase their income to contribute to their families’ support.
Ovilia works with ceramics and thanks to her imagination and talent has been able to get ahead. She requests the loan to maintain her workshop and also to buy products needed like paint and brushes, for example.
El comité Santa Elena cuenta con 11 integrantes que se dedican a actividades comerciales variados desde la venta de comestibles hasta venta de flores. Las señoras del comité se caracterizan por ser unidas, solidarias y sobre todo emprendedoras ya que todas necesitan aumentar sus ingresos para contribuir con la manutención de sus familias.
La señora Ovilia se dedica a la actividad de la cerámica, ella gracias a su imaginación y talento ha podido salir adelante.
Solicita el crédito para poder mantener su taller y también para comprar los productos necesarios como por ejemplo pinturas y pinceles.
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.