Comité San Juan Group
The San Juan group started back in October of 2006. Mrs. Tomasa Ortiz, the actual treasurer of the group, got information about the necessary requisites to form her group. She was in charge of searching trustworthy people to form the group and anxiously all of them decided to be part of it. The committee members work on different activities like: selling provisions, beverages, foods, rubber, needles, crafts, fruits, produce, etc.
The San Juan group is formed by 15 members, all of them do different activities to collect funds for the group. They participate in weekly meetings and they all recognize their individual responsibilities within the committee to strengthen the bond between them.
They are on the fifth cycle of the program and they want to get a new loan that will allow them to invest again on their businesses by getting the merchandise that each one of them needs according to the particular commercial activity that they do.
Translated from Spanish by Maria Ramirez-Gregg, Kiva Volunteer
El inicio del grupo denominado San Juan fue en el mes D. Octubre del 2.006. L. Sra. Tomasa Ortiz, actual tesorera del grupo se informó sobre los requisitos necesarios para formar su grupo, L. misma se encargó D. buscar personas D. su confianza, luego todas muy ansiosas decidieron ser parte del Comité. Las integrantes se dedican a distintas actividades como: venta D. comestible, bebidas, comidas, gomas, agujas, artesanías, frutas, verduras, etc.
El Grupo San Juan está conformado por 15 integrantes, las mismas realizan distintas actividades para L. recaudación D. fondos para el grupo, participan D. las reuniones todas las semanas, las mismas reconocen L. importancia que tiene L. responsabilidad individual dentro del Comité para fortalecer L. unión entre ellas.
Ellas se encuentran en el quinto ciclo del programa y desean adquirir un nuevo crédito que les permitirá invertir nuevamente en sus negocios, adquiriendo las mercaderías que cada una necesita D. acuerdo a L. actividad que realiza.
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