Virgen De Las Mercedes Group
The committee named Virgin of Mercy was formed 11 months ago. They are a group that is in its 4th loan cycle. They belong to the zone known as Laurelty of San Lorenzo.
The ladies are dedicated to the sale of various products such as clothes, remedies and foods. As a group they are a stable committee. They make their payments responsibly both to the Foundation and inside the group as well. They have a savings of 1,749,000 Guarani. They also carry out activities as a group such as raffles and dinners to build an emergency cash fund for the times when someone becomes ill or to be able to advance payments as a group in the Foundation.
In this cycle the effort of the ladies to get ahead is notable and the support of this group has been fundamental to grow their economic activities and also their self-esteem that has developed due to they way that they put themselves forward and have become important through their work in the group.
Translated from Spanish by B, Kiva Volunteer.
El comité Virgen de las Mercedes se formo hace 11 meses, son un grupo que esta en 4to. Ciclo.
Pertenecen a la zona Laurelty de San Lorenzo.
Las señoras se dedican a la venta de productos varios , las demás hacen venta de ropas, remedios y comidas.
Como grupo es un comité estable pagan con puntualidad sus cuotas en la Fundación y dentro del grupo también, poseen un Ahorro de GS.1.749.000. Ademas realizan actividades en conjunto como rifas y polladas para lograr un fondo de Caja de Auxilio para los casos que alguien se enferme , o poder adelantar sus pagos como grupo en la Fundación.
En este ciclos se nota el esfuerzo de las señoras por salir adelante y el apoyo de su grupo ha sido fundamental para hacerlas crecer en su actividades económicas y también en su autoestima que se ha desarrollado por la forma en que ellas son protagonistas e importantes con su trabajo en el grupo.
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