The communal bank "Mujeres Buscando el Porvenir" (women seeking the future) is now in its second loan cycle, with eleven members. All are very sacrificing women of scarce resources; consequently they receive very little consideration and advantages. Now, thanks to Fundación Paraguaya, they can manage to accomplish their work as much within the committee as in their families.
Liz, one of the members, has a grocery store and also raises animals. She is a person who has always strived for her goal and wants to continue doing so. She is applying for this loan to be able to invest in the purchase of stock for her store and also for balanced feed for her animals.
El comité “ Mujeres Buscando el Porvenir; Actualmente se encuentran en el segundo ciclo, con once integrantes. Todas ellas son mujeres muy sacrificadas, escasos recursos, por lo que reciben muy pocas atenciones y beneficios. Hoy gracias a la fundación paraguaya ellas pudieron lograr realizar los trabajos tanto dentro del comité como en la familia.
Liz, una de las miembros tiene una despensa y también se dedica a la cría de animales, ella es una persona que desde siempre se ha esforzado por su meta y quiere seguir haciéndolo.
Solicita de este crédito para poder invertirlo en la compra de insumos para su despensa, y también para balanceados para sus animales.
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.