Mujeres Unidas Group
The group members dedicate themselves to selling food, coal, cleaning supplies, crafts, etc. The loans they are requesting will be used to purchase the items they sell (sugar, yerba, thread, cleaning supplies, coal, etc.).
Translated from Spanish by Marty Greenstein, Kiva volunteer
El comité compuesto por 17 mujeres que trabajan y se desenvuelve en un ambiente de compañerismo, donde reina la armonía, el respeto y la solidaridad.
El comité valora la función y el servicio que brinda la Fundación Paraguaya al apoyarlas, son mujeres que trabajan para sacar adelante sus hogares y ayudan a mejorar la calidad de vida de sus hijos y el de todos los miembros de su familia.
Las señoras se dedican a la venta de comestible, venta carbón, productos de limpieza, artesanías, venta de leche, etc. Los préstamos que solicitan serán utilizados para compra de azúcar, yerba, hilos, productos de limpiezas, carbón, etc.
About Fundación ParaguayaFundación 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.
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Success!! The loan was 100% repaid