Corazon Solidario (Solidary Heart) Group
These people have grown, thanks to this program. They need this loan to invest in their various microenterprises, which include dry goods stores, clothing sales, food sales, tailors, book stores and ambulatory sales of various merchandise like jewelery and underwear. This loan will allow the women to achieve sustainable growth, so that they can grow both as a group and individually.
Most of the group members will spend the loan to buy merchandise (in the case of those who have little shops), to buy clothing (for those who work as street vendors), or to buy food items for their dry goods and grocery stores (like sugar, yerba mate, flour, pasta, and cookies).
Estas personas crecieron gracias a este programa. Necesitan esta operación crediticia para invertir en sus respectivas microempresas que son: despensas, venta de ropas, venta de comidas, costureras, librerías y ventas ambulantes de mercaderías varias como joyas, ropa interior, y lograr un crecimiento sostenible que les haga crecer como grupo y en forma individual.
La mayoría de las integrantes del comité invertirán el crédito en la compra de mercadería en caso de las que tienen casillas, también ropas para vender en el caso de las vendedoras ambulantes y otras mercaderías para la despensas y almacén como azúcar ,yerba ,harina , fideo , galleta y otros.
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