The original contact for this communal bank was one of the members, who invited her friends to form a group and join the women's entrepreneur program so that they could support and strive for their families. Virginia is a merchant, is married to Leo, and has a son. She sells cosmetics, clothing, shoes, and other items.
Virginia's goal is to grow her business and improve her family's quality of life. She is applying for a loan to buy clothing and shoes so that she can keep selling and growing as a small business owner.
El contacto para el inicio del presente comité fue una de las miembros quién invito y organizo a sus amigas para formar parte del programa Comité de Mujeres Emprendedoras, para poder luchar por sus familias y salir adelante.
La sra. Virginia es Comerciante, esta casada con el señor Leo y tiene 1 hijo. Ella se dedica a las ventas en general de cosmeticos, Ropa, Zapatos, etc. Virginia tiene como meta ir agrandando su negocio y brindando asi un mejor estilo de vida a su familia.
Ella solicita el crédito para la compra de ropas y zapatos, ya que por medio de esto podrá seguir con sus ventas y crecer como microempresaria.
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.