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La Union Group
In this Group: Cinthia, Erma , Albina, Limpia , Mirta , Sandra, Teresa, Natividad, Alicia, Pablina, Mirna, Rita, Ana, Angela, Luz, Ignacia, Liliana, Lidia
One year after their initial committee was progressively abandoned by its members, a few of these women decided to join forces and create another committee, hoping to grow and to avoid the same mistakes they had made in the past; this is how the group named Comité La Union (The Union Committee) was born.
The women who currently compose the group are residents of the Barcequillo neighborhood in the town of San Lorenzo: they have had the chance to keep on working with the same institution, and their work has progressed on a daily basis.
Cinthia owns a fruits & vegetables stall that attracts many customers, thanks to the quality of her products as well as to the caring way she tends to her customers.
She wishes to improve her income, and she plans to do so by lowering the price of her products through the wholesale purchase of bigger quantities of products.
She would also like to buy a wider variety of seasonal fruit.
View original language description ↓
El comité La Union nace hace un año despues de que la mayoria de la gente que estuviera en un comité se retiro y decidieron entre ellas volver a formar un nuevo comité, ya con la esperanza de crecer y no volver a cometer los mismos errores que en el pasado.
Actualmente el grupo esta conformado por señoras que viven en Barcequillo de San Lorenzo - asi tuvieron la posibilidad de seguir trabajando con la institucion y fueron mejorando dia a dia.
La Sra. Cinthia posee un puesto de venta de frutas y verduras, el mismo posee buena demanda teniendo en cuenta la calidad de sus productos además de la buena atención.
La señora desea aumentar sus ingresos, abaratando el costo de sus mercaderías, mediante la adquisición en mayores cantidades, de modo a obtener mayores ingresos.
Así también desea adquirir más variedad de frutas como son las de estación.

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
  • 102
    View loans »
    Paraguay Loans Fundraising
  • $30,964,775
    Funds lent in using Kiva
  • 4,800.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Union Group's $3,325 loan helped a member wholesale purchase of a wider varity of seasonal fruit.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2010
Listed
Oct 7, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011