The women’s communal bank called Las Marías was formed in 2008. The group, very comfortably, is already in its 12th loan cycle in a joint and supportive manner within the program. They all run businesses to raise funds and help each other to meet the common objectives they all have within the group and with Fundación Paraguaya. They actively participate in meetings and they have an impeccably supportive work record.
Mary, the president, sells milk and notes that she works from very early in the day. She is requesting a loan to purchase dairy products, which will enable her to continue stocking up so that she can meet the demands of her customers.
El Comité de Mujeres de nombre Las Marías, se conformó en el año 2008, el grupo muy a gusto ya está en el 12° ciclo, en forma conjunta y solidaria dentro del programa.
Todas ellas realizan actividades para recaudar fondos, se ayudan mutuamente para llegar a los objetivos en común que todas tienen dentro del grupo y con la Fundación Paraguaya.
Participan activamente en las reuniones y tienen un trabajo solidario impecable. Mary la presidenta vende leche y cuenta que trabaja desde muy tempranas horas del día, ella solicita el crédito para la compra de lácteos, los cuales le servirán para poder seguir abasteciéndose y de esa forma cumplir con la demanda de sus clientes.
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.