This group is from Ciudad de Encarnación and is a hardworking, enterprising group. Catalina is one of the members of the group. She has six children with Roberto and she has been engaged in dressmaking for several years. Catalina states that she is requesting the loan to purchase fabric and supplies. She is very grateful because, thanks to her group and the training provided, she can increase her income and support her family. All of the women are very happy to be part of this group, working and helping one another.
Este grupo es de la Ciudad de Encarnación, es muy trabajador y emprendedor, una de las integrantes del grupo es la Sra. Catalina ella tiene 6 hijos, está casada con el Sr. Roberto y ella se dedica hace varios años a la confección de ropas. Cuenta la Sra. Catalina que solicita el crédito para la compra de telas e insumos, ella se encuentra muy agradecida ya que gracias a su grupo y a las capacitaciones puede mejorar sus ingresos y ayudar a familia.
Todas las señoras del grupo también están muy contentas por ser parte de este grupo y así trabajar y ayudarse las unas a las otras.
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.