All of the group members are mothers who are involved in a variety of activities designed to strengthen family economy and develop their businesses in a sustainable way aiming at consistent growth with permanent financial assistance.
One of the members is Hermelinda, who sells clothing. She buys her merchandise in Asunción’s Mercado 4 and then visits businesses in Villa Elisa to offer her products. This is exhausting work because she must carry all her wares and she does not have a vehicle.
Some days sales are very good; others, not so much so. However, income from the sales helps her quite a bit with household expenses and Hermelinda states that this is very important to her.
For this reason, she asked for funding to renew her stock. She used the funds to buy t-shirts, pants and shirts.
Todas las integrantes del comité son madres que se dedican a varias actividades con el fin de fortalecer la economía de la casa y desarrollar sus emprendimientos de manera sustentable y con vistas a un crecimiento constante, con la ayuda de una asistencia financiera permanente.
Una de ellas es la señora Hermelinda quien se dedica a la venta ropas, ella compra sus mercaderías del mercado 4 de la ciudad de Asunción, y luego recorre por los negocios de la Ciudad de Villa Elisa para ofrecer sus productos, el recorrido es muy sacrificado por que tiene que llevar toda sus mercaderías y ella no posee móvil.
Hay días con mucha venta y otros que no, pero los ingresos me ayudan bastante con los gastos de la casa y es muy importante para mi comenta la señora Hermelinda, por ello pidió el crédito con el fin de renovar sus mercaderías. Ella invirtió en la compra de remeras, pantalones, camisas.
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