The group was named Renacer, and it is currently in its 14th loan cycle. This group is comprised of 15 very hardworking and responsible women who sell things like lingerie, food, groceries, and apparel, among other goods.
Some of the women already had a job before joining the group, nevertheless, they joined because they wanted to improve their businesses. Other members, however, are working for the first time, not counting looking after their families.
These women thank Fundacion Paraguaya for the help because with it, they have been able to develop their work skills as a team.
Ms. Crescencia has been selling apparel for several years. She gets up very early in the morning to go out and sell her merchandise. She is a street vendor, and now, because of her previous loans, she uses a motorcycle for work.
Ms. Crescencia would like to give special thanks to Fundacion Paraguaya because with their help, she has been able to increase her capital and expand her business, but she is once again requesting a loan so that she can obtain more apparel and set up her own clothing store.
“Renacer” fue denominado el comité y actualmente se encuentra en el ciclo Nro. 14 con 15 integrantes, es un grupo de señoras muy responsables y trabajadoras, ellas se dedican a diversas actividades tales como: venta de lencerías, venta de comidas, despensa, venta de ropas, etc.
Algunas de las integrantes ya contaban con trabajo antes de formar parte del comité de Mujeres Emprendedoras y se integraron para lograr mejorar su emprendimiento, otras sin embargo comienzan con su primera actividad independiente a los que se refiere al cuidado de su familia.
Las mujeres agradecen a la Fundacion Paraguaya por la iniciativa ya que mediante ella lograron desarrollar bastante su capacidad de trabajo en equipo.
La Sra. Crescencia se dedica hace varios años a la venta de ropas, ella se levanta muy temprano a preparar su bolsa para salir a vender. La venta lo realiza de forma ambulante y ahora mediante créditos anteriores lo realiza en una motocicleta.
La Sra. Crescencia agradece de manera especial a la Fundacion por que mediante el apoyo brindado por la misma pudo adquirir más capital y aumentar su negocio, pero ahora solicita el crédito nuevamente para adquirir más ropas que vender y crear su propio salón de venta de ropas.
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