Comité Las Maravillas Group


Status: Paid Back

$2,450.00   Loan Request
$2,450.00   Paid Back

About the Group

Group Name: Comité Las Maravillas Group
Group Members: Dionisia Bordón
Ciriaca Arce
Heriberta Avalos
Felisa Avalos
Amparo Fernandez
Mariana Recalde
Epifiana Arce
Blasida Gamarra
Andrea Avalos
Laura Chavez
Mirtha Bordon
Josefina Rivas
Perla Olmedo
Elisa Olmedo
Maria Alonso (not pictured)
Lucia Avalos
Location: Ita, Paraguay
Activity: Retail

About the Loan

Loan Amount: $2,450.00
Loan Use: Purchase tobacco, school supplies, food products, etc. for resale
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 20, 2009
Date Disbursed: Jan 28, 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



The group Las Maravillas (the marvelous women) was formed on March 17, 2008. Thanks to Mrs. Dionisia Bordon, who works selling tobacco and cigarettes, and is the current Director of the group, they learned how the Entrepreneurial Women’s Committee worked and later were able to form their group of 16 women who enjoy working with the Fundacion Paraguaya.

The group is starting their fourth loan with the program and the average amount that will be given to each member is 800,000 guaranis. The money will be used for different activities like buying and selling cigarettes, paper and school supplies, food items like rice, sugar, yerba tea, bread, dairy foods, etc., clothing, blankets, and other things.

All of the group members attend weekly meetings and work together to achieve the goals that they have in common.

Translated from Spanish by Rachel Crouch, Kiva Volunteer


El comité de nombre Las Maravillas se conformó en fecha 17 de marzo de 2008, gracias a que la Sra. Dionisia Bordón quien se dedica a la venta de tabacos (cigarros)y actual Directora General, se contactó con la asesora para interiorizarse de como funciona el programa de Comité de Mujeres Emprendedoras, posteriormente logró conformar su grupo con unas 16 mujeres quienes se encuentran trabajando muy a gusto con la Fundación Paraguaya.

El grupo ya está activando el 4º ciclo del programa y el promedio de crédito retirado por cada integrante es de 800.000 Gs.,lo cual va destinado para diferentes actividades tales como venta de tabacos (cigarros), venta de artículos de librería, venta de mercaderías para la despensa (arroz ,azúcar, yerba, panificados, lácteos, etc.),venta de ropas y colchas, entre otros.

Todas las integrantes del comité asisten a las reuniones semanales y trabajan en forma conjunta para el logro de todos los objetivos que tienen en común.



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 Comité Las Maravillas Group


Loan has been disbursed
 
Entrepreneur: Comité Las Maravillas Group
Location: Ita, Paraguay

Thank you for your loan. It has been disbursed to Comité Las Maravillas Group, consisting of Dionisia Bordón, Ciriaca Arce, Heriberta Avalos, Felisa Avalos, Amparo Fernandez, Mariana Recalde, Epifiana Arce, Blasida Gamarra, Andrea Avalos, Laura Chavez, Mirtha Bordon, Josefina Rivas, Perla Olmedo, Elisa Olmedo, Maria Alonso, Lucia Avalos 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 Ita, Paraguay
Feb 21, 2009
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Kiva Help Repayment Schedule for Comité Las Maravillas Group

  Expected Repayments Actual Repayments Comments
April 2009 $612.48 $612.52 Repayment Received
May 2009 $612.48 $612.52 Repayment Received
June 2009 $765.60 $765.60 Repayment Received
July 2009 $459.44 $459.36 Repayment Received