The communal bank "Las Merceditas" was formed on September 24, 2008. With much hard work, it is now in its 10th loan cycle, working jointly and with solidarity within the program. All of the members help each other, and they are making progress. In addition to each member's independent work, they also undertake joint activities, and they provide mutual help to reach their aim of working hard to support their families.
One story is that of Secundina, who dedicates herself to selling sheets, bedspreads and decorative pillows from Argentina. Thanks to the loans that have been granted to her, she comments that she was able to improve her work, her standard of living and her income.
She is requesting this loan so that she can invest in buying sheets, bedspreads and other products, so that she can keep working and helping her family through this work which she is doing.
El comité las Merceditas se conformó en fecha 24 de setiembre 2008 con mucho esfuerzo ya se encuentran en el 10 ciclo, en forma conjunta y solidaria dentro del programa, todas se ayudan y están saliendo adelante. Además del trabajo independiente de cada una, también desarrollan actividades en forma conjunta, a la vez se ayudan mutuamente para llegar a los objetivos que es la de trabajar para apoyar a sus familias .
Una historia es la de la Sr: Secundina quien se dedica a la venta de sabanas, colchas y almohadones argentinos esto gracias a los créditos que se le otorgó, nos comenta que pudo mejorar su actividad y su nivel de vida e ingreso económico.
Solicita de este crédito para poder invertirlo en la compra de sabanas, colchas y demás productos para poder seguir trabajando y ayudando a su familia por medio de ese trabajo que viene haciendo.
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.