Yvoty, a communal bank in Caacupé, comprises 12 hardworking and enterprising women who, despite problems, are getting ahead and striving for their families. Adriana, one of the members, sells charcoal. She says the business is going well and growing because charcoal is very cheap. Her goal is to keep working to have the means to support her family. She is applying for a loan to buy a large quantity of charcoal to fill an order and to have plenty of inventory on hand.
Yvoty es el grupo de la ciudad de Caacupé, que está integrado por 12 mujeres muy trabajadoras y emprendedoras, que pese a los problemas están saliendo adelante y luchan por sus familias.
Una de las miembros, la Sra. Adriana, quien se dedica a la venta de carbón, ella comenta que le está yendo muy bien ya que la venta de carbón esta cada vez creciendo ya que es más barato. Su meta es poder seguir trabajando y de esa forma tener los medios para ayudar a su familia.
Solicita de este crédito para la compra de carbón en cantidad, ya que de esa forma podrá cumplir con el pedido de sus clientes y tener un buen stock de su producto.
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.