The communal bank named "Santa Librada" is in its third loan cycle with 19 members. This is a group that stands out in the neighborhood by being very united, supportive, and responsible. They have different businesses, but they also work together and they are completing the loan cycles without problems.
Lucia, one of the members, says that she sells foods of all types and that she is doing well. She was always skilled in the kitchen and now that helps her to move forward. Her goal is to have a big restaurant and work that way.
She is asking for help to buy condiments, meats, seasoning, and the like in order to continue making the foods that she always makes.
El comité se Denomina “Santa Librada” están en el Tercer Ciclo con 19 integrantes , es un grupo que se destaca en el barrio por ser muy unidas, solidarias y responsables, ellas tienen actividades diferentes, pero también trabajan juntas y así están pasando sin problemas los ciclos.
Lucia, una de las miembros, cuenta que ella vende comestibles de todo tipo, y que le va muy bien, ya que siempre tuvo muy buena habilidad para la cocina y que ahora eso la ayuda a salir adelante. Su meta es poder tener un gran comedor y así trabajar.
Pide esta ayuda para la compra de condimentos, carnes, aderezos y demás, para seguir haciendo los alimentos que siempre hace.
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.