Mujeres Emprendoras Porá Rekavo Group


Status: Paid Back

$3,250.00   Loan Request
$3,250.00   Paid Back

About the Group

Group Name: Mujeres Emprendoras Porá Rekavo Group
Group Members: Marta Sosa
Luz Mendoza
Lilian Denis
Mirtha Gutierrez
Rosa Gaona
Rosa Santander (not pictured)
Benicia Huepe
Sabina Aquino
Mirta Aquino
Wilma Huespe
Alberta Gonzalez
Severiana Fabio
Edith Benitez
Julia Cardozo
Leonida Cardozo
Ramón Estigarribia
Location: Caacupe, Paraguay
Activity: General Store

About the Loan

Loan Amount: $3,250.00
Loan Use: Supplies for the various businesses, such as cheese, rice, and noodles, and men's and women's clothing
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 20, 2009
Date Disbursed: Jan 21, 2009
Date Funded:Feb 20, 2009
Loan Ended:Jun 15, 2009

About the Country

Country:Paraguay
Avg Annual Income:$4,555.00
Currency:Paraguay Guarani (PYG)
Exchange Rate:5,110.0000 PYG = 1 USD



This group is made up of 16 women who work in the Kennedy neighborhood of the city of Caacupé. The group is in the 10th cycle of the Women Entrepreneurs program at Fundación Paraguaya. Most of the women work at selling goods in small stores, selling chipas, and selling and tailoring clothing. The 16 women are maintaining a line of credit that averages 1,025,000 Guaranís ($205.00) per member.

With the loans they receive from Fundación Paraguaya they invest in the purchase of products for their businesses, such as ingredients for chipas, men’s and women’s clothing, and food items such as sugar, cookies, meet, oil, and milk.

The group members express their thanks to Fundación Paraguaya for the support they have given in providing the women with capital. They also feel very pleased to be part of the Women’s Entrepreneurs program as the beneficiaries are their own businesses. The women invested their previous capital loans that they received into their businesses and with their good management the results have been excellent. These days, their small businesses are in a stage of growth.




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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Kathleen
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Mark
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Mark M. Morin
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John
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Lori
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ROBERTO
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Mark
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Hambleton
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Glenn
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Paul
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Amy
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Connie
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Julie
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Natalya
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Michael
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Sara
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Journal entries for Mujeres Emprendoras Porá Rekavo Group


Loan has been disbursed
 
Entrepreneur: Mujeres Emprendoras Porá Rekavo Group
Location: Caacupe, Paraguay

Thank you for your loan. It has been disbursed to Mujeres Emprendoras Porá Rekavo Group, consisting of Marta Sosa, Luz Mendoza, Lilian Denis, Mirtha Gutierrez, Rosa Gaona, Rosa Santander, Benicia Huepe, Sabina Aquino, Mirta Aquino, Wilma Huespe, Alberta Gonzalez, Severiana Fabio, Edith Benitez, Julia Cardozo, Leonida Cardozo, Ramón Estigarribia 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 Caacupe, Paraguay
Feb 21, 2009
Comments (1)

Kiva Help Repayment Schedule for Mujeres Emprendoras Porá Rekavo Group

  Expected Repayments Actual Repayments Comments
April 2009 $1,015.60 $1,015.61 Repayment Received
May 2009 $812.48 $812.48 Repayment Received
June 2009 $1,015.60 $1,015.60 Repayment Received
July 2009 $406.32 $406.31 Repayment Received