One of the entrepreneurs who took the initiative to start with the women’s committee is Celina. She sells food in a small kiosk which she has in her house. When sales are slow there, she takes her food onto the streets to sell, so that she can meet her daily targets. With this work, she is able to help her family in their day to day life.
She is asking for a loan to buy raw material to make her meals, which she will later sell. All the members are grateful for the help they are receiving.
Una de las emprendedoras que tomo la iniciativa de comenzar con los comités de mujeres es la señora Celina quien se dedica a la venta de comestibles en un kiosko pequeño que tiene en su casa. Comenta que sale a vender sus comidas de forma ambulante cuando no hay mucha venta en su local, ya que ella tiene metas de ventas diarias que alcanzar y objetivos que se propone diariamente, por medio de este trabajo ayuda a su familia para el día a día.
Pide este préstamo para poder invertirlo en la compra de materia prima para elaborar sus comidas, para después poder venderlos. Todas agradecen por la oportunidad que están recibiendo.
More information about this loan
This loan is designed for poor clients living in rural areas with high levels of crime and social conflict. These clients, working primarily in agriculture, are often ineligible for credit from formal financial institutions because of the high-crime area they live in, their lack of adequate collateral (like a land title), and the likelihood of low agricultural production due to bad weather or pests. Fundación Paraguaya is committed to serving these clients with loans and other wraparound services tailored to their needs. It also provides clients working in agriculture with access to discounted training courses at a local agricultural school to teach them how to improve their crop yields.
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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