The communal bank La Esperanza is located in the city of Luque. Thanks to their hard work, the members are in their sixteenth loan cycle. These women want to succeed; therefore, they work very hard to help their families. Angela, 45, is married to Juan, a bricklayer, and they have 5 children. Angela is a merchant who sells essential items. Her business is prospering because her customer base has increased with the low prices and great service she offers.
Angela is requesting a loan to buy milk products, baked goods, vegetables, cheeses, etc. Then she will be able to keep giving her customers good service. She is grateful for the support she is receiving, since her business is her family's main income source and she wants to continue supporting them this way.
El grupo La Esperanza es de la ciudad de Luque, gracias a su arduo trabajo ya estan en su decimo sexto ciclo. Son mujeres que desean salir adelante y es por eso que se esfuerzan al maximo para poder ayudar a sus familias.
La Sra. Angela tiene 45 años, está casada con el Sr Juan quien es Albañil de Obras, juntos tienen 5 hijos. Angela es comerciante y se dedica a la venta de productos de primera necesidad, en lo que le está yendo muy bien porque su clientela ha aumentado mucho por su buen precio y porque ella siempre brinda muy buena atención a sus clientes.
La Sra Angela solicita el crédito para comprar lácteos, panificados, verduras, queso, etc. Con lo cual podrá seguir brindando un buen servicio a sus clientes. Agradece por esta ayuda que está recibiendo ya que su trabajo es el principal sustento de su familia y quiere seguir ayudándoles por medio de su trabajo.
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.