Kuña Pyapy Mbarete Group


Status: Paying Back

$3,100.00   Loan Amount
49% repaid

About the Group

Group Name: Kuña Pyapy Mbarete Group
Group Members: Guillermina Domínguez
Florencia Espínola
Amanda González
Norma Brandel (not pictured)
Blasida Suares
Rosa Vera
Inocencia Samudio (not pictured)
Dora Arevalos
Rosa López
Alba González
Epifanía Flor
Ramona Díaz
Alicia Álvarez
Cristhian Vera
Cynthia Suarez
Mirta Díaz
Fermina Toledo
Location: Ciudad Del Este, Paraguay
Activity: Retail

About the Loan

Loan Amount: $3,100.00
Loan Use: food, clothes, drinks, cleaning products
Repayment Term: 5 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 5, 2009
Date Disbursed: Sep 16, 2009
Date Funded:Oct 7, 2009

About the Country

Country:Paraguay
Avg Annual Income:$4,555.00
Currency:Paraguay Guarani (PYG)
Exchange Rate:4,910.0000 PYG = 1 USD



Mrs. Guillermina Domínguez and her friends have formed a comittee in their community. The committee of Kuña Pyapy Mbarete is in the fourth cycle of their 17th member, and is a very important Group in the neighborhood to be single and responsible for themselves. They own a savings account of 2,759,322 guaranís.
The women withdrew a loan of 300,000 to 1,100,000 guaranís to buy merchandise for retail, such as clothes, fruits, drinks, etc.
Each woman is using the loan to purchase different things. Guillermina Domínguez is using her loan to buy and sell tapioca. Florencia Espínola is using her loan for domestic goods. Amanda González is using her loan to buy and sell clothes. Norma Brande is using her loan to buy and sell personal clothes. Inocencia Samudio is using her loan to buy and sell fruits and vegetables. Dora Arevalos is using her loan to buy teaching supplies. Rosa López is using her loan to buy and sell grocery items. Alba González is using her loan for a cafeteria. Epifanía Flor is using her loan to buy and sell drinks. Ramona Díaz is using her loan to buy and sell clothes. Alicia Álvarez is using her loan to buy and sell Cosmetics. Cristhian Vera is using her loan to buy and sell clothes. Mirta Díaz is using her loan to buy and sell fruits and vegetables. Fermina Toledo is using her loan to buy and sell fruits and vegetables.




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 Kuña Pyapy Mbarete Group


Loan has been disbursed
 
Entrepreneur: Kuña Pyapy Mbarete Group
Location: Ciudad Del Este, Paraguay

Thank you for your loan. It has been disbursed to Kuña Pyapy Mbarete Group, consisting of Guillermina Domínguez, Florencia Espínola, Amanda González, Norma Brandel, Blasida Suares, Rosa Vera, Inocencia Samudio , Dora Arevalos, Rosa López, Alba González, Epifanía Flor, Ramona Díaz, Alicia Álvarez, Cristhian Vera, Cynthia Suarez, Mirta Díaz, Fermina Toledo by Fundación Paraguaya in Paraguay. We are excited to watch this business grow. Over the 2 months of this loan, Fundación Paraguaya will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Ciudad Del Este, Paraguay
Oct 8, 2009
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Kiva Help Repayment Schedule for Kuña Pyapy Mbarete Group

  Expected Repayments Actual Repayments Comments
December 2009 $1,550.00 $1,550.00 Repayment Received
January 2010 $1,033.33 Available Jan 1  
February 2010 $516.67 Available Feb 1