Comité Las Maravillas Group
The group is starting their fourth loan with the program and the average amount that will be given to each member is 800,000 guaranis. The money will be used for different activities like buying and selling cigarettes, paper and school supplies, food items like rice, sugar, yerba tea, bread, dairy foods, etc., clothing, blankets, and other things.
All of the group members attend weekly meetings and work together to achieve the goals that they have in common.
El grupo ya está activando el 4º ciclo del programa y el promedio de crédito retirado por cada integrante es de 800.000 Gs.,lo cual va destinado para diferentes actividades tales como venta de tabacos (cigarros), venta de artículos de librería, venta de mercaderías para la despensa (arroz ,azúcar, yerba, panificados, lácteos, etc.),venta de ropas y colchas, entre otros.
Todas las integrantes del comité asisten a las reuniones semanales y trabajan en forma conjunta para el logro de todos los objetivos que tienen en común.
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