Comité San Isidro Group
Of the fifteen women, thirteen are Chipa venders; one owns a meat shop, and the other sells clothes. They are all from the General Díaz neighborhood in the city of Caacupé. One of the great qualities of this committee is their interest in fulfilling the norms and regulations of the program of women entrepreneurs. This is demonstrated through their payment of their monthly loan installments. Also, every weekend they come together and sell their goods at a fair where there is food, raffles, and sports tournaments, among other activities.
The women have received some money to help increase their production and sales. The committee has the great objective of saving enough money together in order to buy play equipment for their children and the children of the community. Their only area for recreation was shut down and they hope to establish swings, slides and some other toys to give their children a place to go to play.
This bright, hardworking group of women entrepreneurs is asking for a loan together to help their businesses grow and flourish. They are mothers who are trying to keep their children in school and who only want to give them a better life. They have long term goals, and even hope to soon give back to the community by establishing a park for children to play. They have created a support group where they rely on one another to make their weekly loan payments. The loan they will receive will be used to buy Chipa ingredients, meat and clothing to sell.
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