Mujeres Talentosas Group
They each work independently in clothing sales, food sales, grocery stores, and in orchards; other members sell their own products.
They received the loan and each person used the money to invest in their respective business. Like the rest of the group members, Señora Ada D. works very hard at her job preparing and selling meals. She wakes up very early each morning to start cooking and display the food she sells from her homes. She used her loan to buy cooking ingredients like beef and chicken, vegetables and spices.
The group members’ activities are listed below:
1. Bernarda O.: Grocery store
2. Norma M.: Crafts
3. Ada D.: Food sales
4. Hilda C.: Avon Cosmetics sales
5. Catalina A.: Chipa (traditional Paraguayan baked goods) sales
6. Silvia M.: Lingerie sales
7. Maria Liza M.: Street vendor
8. Limpia T.: Fruit and Vegetable sales
9. Rosa C.: Garlic sales
10. Maria Agustina F.: Vegetable sales
11. Marizza S.: Street vendor
12. Eladia A.: Street vendor
13. Juana B.: Garlic sales
14. Gloria B.: Street vendor
15. Victoriana G.: Food sales
About Fundación ParaguayaFundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid