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Ytumi Group
In this Group: Rosa, Antonia, Gerónima, Florinda, Mariana, Rosalba, Isabel, Beatriz, Marina, María Cristina, Herminia, Pascuala, María Angelina, Juana, Fermina, Marina, Emilce*, María Leticia*, Luciana*
* not pictured
The women of this communal bank live in the Ytumi neighborhood in the city of Caacupé. They are hard-working and organized women that do business together often. This provides for a more solid and unified group. The women are very grateful to Fundación Paraguaya for the loans and the frequent training they receive from the institution. They are learning to save, to organize themselves and thus, create more sources of income. This has helped them to improve their quality of life and that of their families. The members have been a part of the program for approximately 5-6 years and have just concluded their fourteenth loan cycle.

One of the members is Señora Rosa, a business woman who owns a boutique. She travels periodically to bring good quality clothing from Brazil to sell in her store. She is requesting a loan to finance another trip so that a she can buy seasonal clothing like dresses, t-shirts, shirts, shorts and various types of shoes and footwear. She says that this job is very beneficial for her husband who also travels as an employee of the business. This way they can offer their 2 children a better life.
View original language description ↓
Las mujeres del presente comité son de la Compañía Ytumi de la ciudad de Caacupé son mujeres muy trabajadoras, y organizadas, realizan constantes actividades comerciales juntas, esto hace que el grupo sea cada vez más sólido y unido.
Las Señoras están muy agradecidas con la Fundación Paraguaya, porque gracias al crédito y a las constantes capacitaciones que reciben de la institución, aprendieron a ahorrar, a organizarse y de esa forma crear cada vez más fuentes de ingresos, que les ayuda a mejorar su calidad de vida y la de su familia.
Las integrantes ya culminaron hoy su ciclo crediticio número 14, poseen una antigüedad de 5 a 6 años aproximadamente.
Una de las integrantes es la señora Rosa quien es comerciante, ella cuenta con una Buotique, donde ropas de buena calidad que ella misma trae de Brasil.
Viaja periódicamente para traer sus mercaderías del al Brasil, y nueva mente solicita el préstamo para otro viaje donde desea compra ropas para la temporada como vestidos, remeras, camisas, shorts, además quiere comprar zapatillas y calzados de varios tipos.
Comenta que la actividad le beneficia muchísimos para su marido quien también trabaja como empleado de una empresa de esta manera le brindan el mejor bienestar a sus 2 hijos.

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
  • 71
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,891.6
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Ytumi Group's $4,425 loan helped a member to purchase clothing like dresses, shirts, shoes and various types of footwear.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2010
Listed
Oct 20, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 16, 2011