Mburukuja Group


Status: Paying Back

$3,150.00   Loan Amount
75% repaid

About the Group

Group Name: Mburukuja Group
Group Members: Gladis Cañete
Apolonia Duarte
Andresa Torres
Liz Daiana Cardozo
Olga Luisa Peralta
Olga Lopez (not pictured)
Celia Mendez
Teresita Pastore
Ramona Villaverde (not pictured)
Ana López
Porfiria Florentin
Marta Lopez
Fernanda Formigli
Maria Lopez
Ranulfa Ramirez
Alba Aquino
Saturnina Cano
Apolonia Barreto
Cynthia Romero
Location: Asunción, Paraguay
Activity: Retail

About the Loan

Loan Amount: $3,150.00
Loan Use: Purchase merchandise & supplies for their businesses
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 19, 2009
Date Disbursed: Jul 29, 2009
Date Funded:Aug 22, 2009

About the Country

Country:Paraguay
Avg Annual Income:$4,555.00
Currency:Paraguay Guarani (PYG)
Exchange Rate:4,950.0000 PYG = 1 USD



This group is made up of 19 women who are all hardworking and self-sacrificing. Besides being good wives and mothers, they also contribute to their household income in order to cover all family expenses.


They work hard every day in order to get ahead. One source of energy and motivation is their children because they want them to have the opportunities to study and improve themselves that they never had.


Although they have different businesses, most of the members sell clothing. The specific business activities for each of the members are as follows:


Gladis E. Cañete sells food
Apolonia Duarte sells sewing supplies
Andresa Torres sells clothing
Liz Daiana Cardozo is a traveling merchant
Olga Luisa Peralta sells vegetables
Olga B. Lopez operates a screen-printing shop
Celia Mendez sells clothing
Teresita Pastore operates a pharmacy
Ramona Villaverde sells sewing supplies
Ana L. López sells empanadas
Porfiria Florentin sells food
Marta N. López sells detergents
Fernada Formigli sells clothing
Maria G. López sells clothing
Ranulfa Ramirez sells food
Alba C. Aquino sells sewing supplies
Saturnina Cano sells clothing
Apolonia Barreto sells clothing
Cynthia Romero sells clothing

Translated from Spanish by Ronan Reodica, Kiva Volunteer


El grupo esta formado por 19 señoras todas muy trabajadoras y sacrificadas. Además de ser excelentes esposas y madres, ellas tambien aportan con los ingresos de la familia a fin de poder sustentar todos los gastos de la familia.

Ellas trabajan duro dia a dia pues desean superarse. Una de las fuentes de energía y motiviacion son sus hijos, ya que ellas desean que sus hijos tengan las oportunidades de estudio y superacion que ellas no pudieron tener.

Cada una se dedica a una actividad diferente y de forma individual aunque la mayoria se dedica a la venta de ropas. Las actividades segun cada una de ellas es como sigue:

Gladis E.Cañete. Vta de comidas
Apolonia Duarte. Venta de merceria
Andresa Torres. Venta de ropa
Liz Daiana Cardozo. Vendedora Ambulante
Olga Luisa Peralta Venta de verduras
Olga B. Lopez T. Serigrafia
Celia Mendez Venta de ropas
Teresita Pastore Despensa
Ramona Villaverde Merceria
Ana L. López C. Venta de empanadas
Porfiria Florentin Venta de comidas
Marta N.López de A. Ventas de detergentes
Fernada Formigli. Venta de ropa
Maria G. López de O. Merceria
Ranulfa Ramirez. Venta de comidas
Alba C. Aquino F. Venta de merceria
Saturnina Cano. Venta de ropa
Apolonia Barreto . Venta de ropa
Cynthia Romero. Venta de ropa



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Journal entries for Mburukuja Group


Loan has been disbursed
 
Entrepreneur: Mburukuja Group
Location: Asunción, Paraguay

Thank you for your loan. It has been disbursed to Mburukuja Group, consisting of Gladis Cañete, Apolonia Duarte, Andresa Torres, Liz Daiana Cardozo, Olga Luisa Peralta, Olga Lopez , Celia Mendez, Teresita Pastore , Ramona Villaverde , Ana López , Porfiria Florentin, Marta Lopez, Fernanda Formigli, Maria Lopez, Ranulfa Ramirez, Alba Aquino, Saturnina Cano, Apolonia Barreto, Cynthia Romero by Fundación Paraguaya in Paraguay. We are excited to watch this business grow. Over the 3 months of this loan, Fundación Paraguaya will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Asunción, Paraguay
Aug 23, 2009
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Kiva Help Repayment Schedule for Mburukuja Group

  Expected Repayments Actual Repayments Comments
October 2009 $787.50 $787.50 Repayment Received
November 2009 $984.38 $984.38 Repayment Received
December 2009 $787.50 $590.62  
January 2010 $590.62 Available Jan 1