This communal bank is called "Unidas de Saguazu". The members have taken on the commitment to keep the group together and resolve any problem that may arise. One of the members is Lidia, who sells charcoal for a living.
She says sales have increased dramatically because nowadays people prefer to cook with charcoal which is a much cheaper fuel.
She is requesting a loan to buy larger volumes of charcoal due to the large demand, as she does not want to run out of her main product.
El comite lleva por nombre Unidas de Saguazu, ellas han asumido el compromiso de mantener a su grupo unido y de solucionar cualquier problema que pueda surgir. Una de estas mujeres es Lidia, quien vende Carbón.
Ella comenta que la venta ha crecido mucho, ya que las personas hoy en día prefieren cocinar a carbón ya que es mas barato y eso la ayuda mucho, a tener mas venta.
Solicita de este crédito para poder invertirlo en la compra de carbón en cantidad, ya que tiene siempre mucha venta y no quiere quedarse sin su principal producto.
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.