The program for the communal bank, Jeiko Porave Rekavo, is in its 2nd term and has 10 female members. They are all neighbors in their community and all work in different areas. They are very thankful to the organization and hope to meet all their goals. They are all very excited about their new challenges.
One of the members, Jacinta, sells cosmetics like makeup and creams for women. The loan solicited would be used to purchase products like shade, foundation, eye liner, etc.. Everything necessary for day and night makeup.
El comité Jeiko Porave Rekavo se encuentra en el 2º Ciclo del programa, cuenta con 10 integrantes mujeres, todas vecinas de la misma comunidad que se dedican a activiades varias.El comité se encuentra muy agradecido con la Fundación y espera cumplir con sus metas ya que se encuentran muy entusiasmadas con los nuevos retos.
Una de las integrates, la señora Jacinta se dedica a la venta de cosméticos como maquillajes y cremas para mujeres.
El crédito solicitado sería para la compra de productos como sombras, bases, rimmel, etc todo lo necesario para los maquillajes tanto diurnos como nocturnos.
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.