Mujeres Solidarias Group


Status: Paid Back

$3,800.00   Loan Request
$3,800.00   Paid Back

About the Group

Group Name: Mujeres Solidarias Group
Group Members: Francisca Bustamante
Liz Ocampos
Emiliana Acosta
Gloria Gill
Nilda Colmán
Maria Teresa Notario
Maris Hellman
Idalina Jara
Julia Galeano
Teresa Rojas
Mercedes Alvarenga
Valentina Enciso
Lucia Rodriguez
Aida Rodas
Florencia Baez
Location: Ita, Paraguay
Activity: Retail

About the Loan

Loan Amount: $3,800.00
Loan Use: To buy fabric, needles, clothes, wallets, jewelry, rice, sugar, flour, vermicelli, cleaning supplies, coal, fruits and vegetables.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 1, 2008
Date Disbursed: Sep 16, 2008
Date Funded:Sep 2, 2008
Loan Ended:Feb 21, 2009

About the Country

Country:Paraguay
Avg Annual Income:$4,555.00
Currency:Paraguay Guarani (PYG)
Exchange Rate:3,995.0000 PYG = 1 USD



The group called Mujeres Solidarias formed in the month of November, 2006. This committee formed thanks to Idalina Jara, who came to a talk and was interested in the program. She motivated her neighbors to participate in the program. The group is centered in the center of the city of Itá.

The group has now worked with the Fundación Paraguaya (this microcredit organization) for two years. All of them have been adhered to the program and this has brought them the opportunity to get loans much more easily and it is also important to point out that they value the loan and they demonstrate excellent repayment behavior. They are very talented and and united, participating in meetings twice monthly. Also they do extra activities in order to gather the funds to solve any eventuality that might happen to the committee.



The group is made up of a total of 15 industrious women who do various activities. They want a new loan that they will invest according to the activity of each member.

Florencia Báez will use her loan to buy fabric and thread to make and embroider items to wear. Aida Rojas will buy wallets, necklaces, and other articles to sell. Lucia Rodriguez, Valentina Enciso, Mercedes Alvarenga, Teresa Rojas, Julia Galeano, Idalina Jara, Maris Hellman and María Teresa Notario have stores where they will invest their loans in the purchase of rice, sugar, yerba mate (an herbal tea), flour, vermicelli, cleaning supplies, etc.



Nilda Colmán wants to buy sweets as she is in charge of a school canteen. Gloria Gill sells clothes and she wants to acquire winter clothing stock. Emiliana Acosta will buy coal to sell.

The last two are Liz Ocampos who will invest her loan to buy fruits and vegetables for her business, and Francisca Bustamante who also sells clothing and therefore the loan would be destined to buy winter clothing.




Translated from Spanish by Jessica Kaminsky, Kiva Volunteer.



El Grupo denominado Mujeres Solidarias, se conformó en el mes de noviembre del año 2.006, dicho comité se conformó mediante la señora Idalina Jara quién participó de una charla y se interesó por el programa motivando a sus vecinas a participar del mismo. El Comité “Mujeres Solidarias” se encuentra localizado en el centro de la cuidad de Itá.



El grupo ya lleva trabajando más de 2 años con la Fundación Paraguaya, todas ellas se encuentran muy conformes con el programa ya que les brinda la oportunidad de obtener con mucha facilidad créditos, así mismo cabe destacar que valoran el préstamo y lo demuestran con el excelente comportamiento de pago. Son muy cumplidas y unidas, semanalmente participan de sus reuniones, además realizan actividades extras para la recaudación de fondos para solventar cualquier eventualidad que surja dentro del comité.



Está integrado por un total de 15 laboriosas mujeres que realizan diversas actividades. Ellas desean un nuevo crédito que lo invertirán según la actividad de cada integrante:



Florencia Báez destino su crédito a la compra de telas de Ao o'i e hilos para la confección y bordado de prendas de vestir.
Aida Rojas a la compra de carteras, bijouterie, y artículos de mercería. Lucia Rodriguez, Valentina Enciso, Mercedes Alvarenga, Teresa Rojas, Julia Galeano, Idalina Jara, Maris Hellman y María Teresa Notario poseen despensas por lo que invertirán sus crédito en la compra de arroz, azúcar, yerba mate, harina, fideos, articulas de limpieza, etc.



Nilda Colmán desea comprar golosinas ya que ella es encargada de una de cantina escolar, Gloria Gill vende ropas por lo que desea adquirir ropas de invierno, Emiliana Acosta comprará carbón para la venta.



Las últimas dos son Liz Ocampos que invertirá el crédito para la compra de frutas y verduras para su negocio y Francisca Bustamante que también vende ropas por lo que el crédito será destinado en la compra ropas para invierno.




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 Mujeres Solidarias Group


Loan has been disbursed
 
Entrepreneur: Mujeres Solidarias Group
Location: Ita, Paraguay

Thank you for your loan. It has been disbursed to the Mujeres Solidarias group, consisting of Florencia Baez, Aida Rodas, Lucia Rodriguez, Valentina Enciso, Mercedes Alvarenga, Teresa Rojas, Julia Galeano, Idalina Jara, Maris Hellman, Maria Teresa Notario, Nilda Colmán, Gloria Gill, Emiliana Acosta, Liz Ocampos, Francisca Bustamante by Fundación Paraguaya in Paraguay. We are excited to watch this business grow. Over the next 4 months, Fundación Paraguaya will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Denysse Figueredo from Ita, Paraguay
Sep 8, 2008
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Kiva Help Repayment Schedule for Mujeres Solidarias Group

  Expected Repayments Actual Repayments Comments
December 2008 $950.00 $950.00 Repayment Received
January 2009 $950.00 $950.00 Repayment Received
February 2009 $950.00 $950.00 Repayment Received
March 2009 $950.00 $950.00 Repayment Received