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Mujeres Maravilla Group
In this Group: Ignacia , Adelaida, Maria, Graciela , Dora , Elsa, Teresa, Reina , Hilda , Hermelinda, María, María, Georgina, Tomasa, Mariana, María, Elva *, Cecilia*, Francisca*
* not pictured
This committee was formed by Mrs. Adelaida G., who lives on the 7th kilometer of the Murucuyá neighborhood in Ciudad del Este. She contacted her friends and neighbors to launch a group in their area. The group is called “Mujeres Maravilla” (“Wonder Women”) and is made up of 19 very active women from the same area who show great solidarity with one another. They have different business activities, and some group members were able to start new businesses in order to generate income and thus support their families. For example, Mrs. Ignacia V. did not have a business, but after joining this committee she became enthusiastic and started working as a street vendor selling clothing. She travels around, visiting commercial establishments in remote areas of the city. She earns good money and feels very fulfilled. She is happy to be able to help her family improve their quality of life. She used this loan to buy clothing like jerseys, shirts, pants, and other items.

Additional Information

About Fundación Paraguaya

Fundación 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.

About Paraguay

  • $8,400
    Average annual income
  • 62
    View loans »
    Paraguay Loans Fundraising
  • $30,747,000
    Funds lent in using Kiva
  • 4,690.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Maravilla Group's $3,850 loan helped a member buy shirts, jerseys and pants.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2010
Listed
Mar 1, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010