The Mburucuya group is in its 12th loan cycle, and all of the members are very united in working together so that everyone has an attitude to want to make headway. The members are requesting the loan to be able to carry out their projects and have a lot of positive expectations and desires to grow. One of the members, Maria, makes a living selling charcoal and says she has a very good customer base since her sales have increased, which lowers the price so people buy more of it. She also says her family supports her in her work, and in this way they are growing. Maria is requesting the loan to purchase charcoal so she can continue working and growing like she has been doing.
El grupo llamado Mburucuya se encuentra en ciclo 12, en donde están trabajando de manera conjunta, están muy unidas y todas con actitud de querer salir adelante motivo por el cual solicitan el préstamo para poder concretar sus proyectos, están con muchas expectativas positivas y con ganas de crecer.
Maria, una de ellas, se dedica a la venta de carbón, cuenta que tiene muy buena clientela, ya que el carbón ha crecido en la venta, ya que es más económico y la gente lo compra mas. Comenta también que su familia la apoya en su trabajo, y que de esa forma están creciendo.
Ella solicita de este crédito para poder invertirlo en la compra de carbón, para poder seguir creciendo y trabajando 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.