Damas Unidas De Remancito Group

In a remote area of Ciudad del Este called B Remancito, Alicia Gomez contacted her friends and neighbors and told them about the committee. She shared with these women her desire to change their world for the better by working very hard. Alicia’s hopeful words stimulated optimism among these women and they decided to form a committee.

The group includes 18 women with the following businesses: Despensas (grocery stores, a very profitable market in Paraguay, since we consider it a tradition to buy from a Despensa), sewing workshops, and businesses selling clothing, cosmetics, bijouterie, and cutlery. Their target customers are the other women in the area that know and admire them. The committee is well-known in the town and everybody tries to help them by buying their products.

The credit provided will be used for the purchase of products such as: clothing, cosmetics, fabrics, thread, elastic bands, sugar, oil, pasta, cereals, milk, and cutlery.

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