La Fortaleza Group
The group is called “La Fortaleza” and it is in its forth cycle with an excellent record and is made up of 16 working women.
In the hopes of continuing to grow and to increase their sales, the women use the loans to invest in their businesses. Today they are asking for a new loan to invest in their respective activities such as the purchase of fabric, thread, meat, drinks, oil, noodles, rice, flour, dairy products, bread products, accessories for their stores, sheets, fruits and vegetables in general, etc.
Translated from Spanish by Joanna Silverman, Kiva Volunteer.
En la ciudad de Yaguarón distante a 15 Km. de la oficina de Paraguarí, se reunieron unas mujeres con ganas de emprender actividades productivas y otras para aumentar su capital de trabajo, de ahí que se pusieron en contacto con nosotros para interiorizarse sobre el programa, quienes aceptaron por los múltiples beneficios que presenta.
El comité lleva por nombre La Fortaleza, quienes actualmente se encuentran en el cuarto ciclo, con calificación excelente, integrada por 16 trabajadoras mujeres.
En miras de seguir creciendo y aumentar sus ventas ellas utilizan los créditos para invertir en sus negocios. Ellas hoy están solicitando un nuevo crédito para invertirlo en sus respectivas actividades como son la compra de tela, hilo, carne, bebidas, aceite, fideo, arroz, harina, lácteos, panificados, accesorios para mercería, sábanas, frutas y verduras en general, etc.
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