The communal bank San José Obrero began under the management and support of a group of women who were working in this town. The group is from the city of San Lorenzo and has 18 members. Olga, president of the group, is 36, enterprising, and capable of leading a large group such as this one. She has shown her determination to succeed during previous loan cycles. She has a canteen and is requesting a loan to stock it with sweets, beverages, foodstuffs, and more. The women thank Kiva and Fundación Paraguaya for their help.
El comité San José Obrero nace mediante la gestión y el apoyo de un grupo de mujeres que se encontraba trabajando en dicho lugar. Este comité es de la Ciudad de San Lorenzo y tiene 18 miembros.
La Sra. Olga, presidenta del grupo tiene 36 años, ella es una mujer muy emprendedora y capaz de liderar un grupo numeroso como lo es este, durante todos estos ciclos ha demostrado ganas de superación. Ella tiene una cantina, y solicita el crédito para poder surtirlo con golosinas, bebidas, comestibles y demás.
Todas ellas agradecen por la ayuda que está recibiendo de Kiva y de fundación paraguaya.
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.