“Fenix” is an excellent group of women in the city of Itá, thanks to one of the members having contacted an advisor from the program. She managed to get 16 women together who are working together in their sixth program cycle.
Cielo, who is part of this group, says that she has a store with all types of products. She keeps her store well stocked with many products such as shoes, clothing, and general items. Her goal is to continue growing her business and continuing to help her family through her work.
Fenix es un excelente grupo de mujeres conformado en la ciudad de Itá, gracias a que una de las miembros contactó con la asesora en una reunión semanal que la misma tenía en la zona, una vez asesorada acerca del Programa logró juntar a 16 mujeres quienes se encuentran trabajando en el 6° ciclo, en forma conjunta y solidaria dentro del programa.
Cielo, quien es parte de este grupo cuenta que tiene una mercería con todo tipo de productos. Tiene un negocio bien surtido con muchos productos, como ser zapatos, ropas, artículos en general.
Cielo tiene como meta poder seguir creciendo en su negocio y por medio de su trabajo seguir ayudando a su familia.
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.