The communal bank Divino Niño Jesus (Divine Baby Jesus) was formed at the initiative of one of its members, and thanks to the work of everyone, they are now in their third loan cycle. Antonia, one of these women, relates that she sells clothing of all types and prices. She comments that thanks to her work, she has been able to advance and through this to help her family. Her dream is to be able to continue growing in her work and in the future to have a big store.
She is applying for the loan to purchase T-shirts, shirts, pants, etc., and with this to be able to continue working and meet the demands of her customers.
El comité Divino Niño Jesus se conformo con la iniciativa de la señora de una de las miembros y gracias al trabajo de todas ya están en el tercer ciclo.
Antonia, una de estas mujeres, cuenta que se dedica a la venta de ropas de todo tipo y precio. Comenta que gracias a su trabajo ha podido salir adelante y por medio de esto ayudar a su familia. Su sueño es poder ir creciendo con su trabajo y el día de mañana tener una gran tienda.
Solicita el crédito para la compra de remeras, camisas, pantalones, etc. y con eso poder seguir trabajando y cumpliendo con 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.