Comité San Miguel Group
The members of the group are more than just partners, they are also very good friends. During this period, each member of the group has learned a lot and the group has overcome many difficulties. Currently the group consists of 16 members.
The women of the group are involved in diverse commercial activities such as: sale of fast food, clothing, medicinal herbs, cosmetics, lingerie, fruit, cell phone accessories, and candy. The loan will provide for the purchase of various products related to the aforementioned activities.
Translated from Spanish by Scott Crandall, Kiva Volunteer.
Un grupo de mujeres en la ciudad de Luque decidió formar un comité de mujeres emprendedoras con el objetivo de salir adelante. Con muchas ganas de trabajar duro por un futuro mejor se formo el comité “aliadas al trabajo”. Su nombre describe la esperanza de estas mujeres de mejorar su calidad de vida.
Los integrantes del grupo estrecharon lazos de amistad, a parte de ser socias son muy buenas amigas. Durante este periodo cada integrante aprendió mucho y el grupo supero varias dificultades. Actualmente el comité esta conformado por 16 señoras.
Las señoras que conforman el comité se dedican a diversas actividades comerciales como por ejemplo: venta de comidas rápidas, ropas, hierbas medicinales, cosméticos, bijouterie, lencería, frutas, accesorios para celulares y golosinas. El dinero del préstamo será destinado a diversos productos relacionados con las actividades mencionadas.
About Fundación ParaguayaFundación 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.
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Success!! The loan was 100% repaid