The “Divine Baby Jesus” Group is beginning their second loan cycle. Each one of the members contributes to the group, like a small grain of sand, so that the whole group can move forward as entrepreneurs and help their families. One of the members of the group is Mrs. Mary. She sells the fruit of the season. She is a person that is very dedicated to her family. She fights for them in order to give them all that they need. In this way they do not feel as deprived as others in their economic class. She is asking for this loan in order to buy fruit such as bananas, apples, pineapples, melons, avocados and other fruit in order to offer a greater variety of items in her business. In this manner she can continue selling fruit as she has done in the past.
El grupo llamado Divino Niño Jesus está en su ciclo número 2º del programa de comité, donde cada una de las integrantes pone su pequeño grano de arena `para poder salir adelante, crecer como microemprendedoras y ayudar a su familia.
Una de las integrantes es la Sra. Maria, quien se dedica a la venta de frutas de estación, ella es una persona muy dedicada a su familia, lucha por ellos, para poder darles todo lo que necesitan y de esa forma evitar que pasen por privaciones de alguna clase. Ella solicita de este crédito para la compra de frutas, como ser bananas, manzanas, piñas, melones aguacates y demás para poder surtir su negocio y de esa forma seguir con sus ventas como lo 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.