The committee "Virgen de Caacupé Poty" was started in the city for Caaguazú and they are currently in their first cycle of loans. This group was started with women who were motivated to get ahead, and with the help they have been given by the Fundación Paraguaya, they all have their own businesses and fight every day to make a bit of money to maintain their families in good stead.
The president of the organization is Eustacia a struggling mother who has a small business selling daily necessities. It is a bakery, which is run by her and her husband. She is very energetic and responsible. She is asking for this loan in order to buy flour, yeast, sugar, salt, butter, and other ingredients to continue making the breads that she sells and continue offering a variety of goods to her customers.
El Comité Virgen de Caacupé Poty, se formo en la Ciudad de Caaguazú, actualmente estan en el Primer ciclo, este grupo se formo con señoras con ganas de salir adelante con la ayuda que les da Fundación Paraguaya, ellas cuentan con trabajos propios y luchan día a día para ganar un poco de dinero para mantener a la familia.
La Presidenta es Eustacia una madre luchadora que tiene un pequeño negocio de consumo familiar., Una panadería que es manejada por ella y su marido. Ella es muy Activa y responsable. Solicita de este crédito para la compra de harina, levadura, azúcar, sal, manteca y demás insumos para poder seguir haciendo los panificados que vende y seguir ofreciendo buena variedad a 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.