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Po Joayu Group
In this Group: Gloria, Nancy, Zunilda, Mariza, Fidelina, Nicolaza, Ramona, Elizabeth, Lourdes, Mary, Norma, Graciela, Isidora, Virginia, Basilia, Liz, Cristina*
* not pictured
This group of 17 hardworking women have united as a group, a "financial solidarity committee" or communal bank, through the [field partner] Fundación Paraguaya. The pledge to repay the loan is a joint one, and the key to success is an entrepreneurial spirit. One of the members is Señora Gloria, who dedicates her time to selling jewellery.

Señora Gloria buys the jewellery from intermediaries or travels to the city of Luque where they make siver jewellery. She says that while she can't complain about the sales she has had lately, she wants to continue stocking many styles of jewellery for sale. She is therefore seeking the loan to buy silver jewellery such as bracelets, chains, earrings and other things.
View original language description ↓
Este grupo de 17 Señoras trabajadoras quenes se unierón para formar un grupo; un comité solidario Financiado por la Fundación Paraguaya, en donde el compromiso es conjunto y la clave del éxito poseer un espiritu emprendedor.
Una de las integrantes es la señora Gloria quien se dedica a la venta de joyas.
Ella compra las joyas de proveedores o viaja hasta la ciudad de Luque n donde se hace joyas de plata.
Comenta que no se queja de las ventas que tuvo en esta epoca pero quiere continuar con muchas variedades de joyas para la venta para ello solicita el prestamo para la compra de joyas de plata como pulseras, cadenas, aros y otros.

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
  • 4,600.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Po Joayu Group's $2,525 loan helped a member to buy silver jewellery such as bracelets, earrings, chains and other things.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2010
Listed
Dec 23, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 22, 2011