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Mujeres Unidas Group
In this Group: Sergia , Nilsa , Marta , Leongina , Juliana , Idalina , María , Teresa , María , Marilda , Apolinaria , Magdalena , Tociana , Mirian , Higinia *, Pascualina *
* not pictured
Ms. Mirian I. contacted her neighbors and friends to form this committee in the area. Ms. Mirian has been selling food for many years now. With time she has been able to increase, little by little, her income and her product diversity. She would like to increase her business by adding more products to her repertory. She hopes that will help her increase her income in a substantial way.

The committee is called "Mujeres Unidas" (United Women). They are in their 2nd loan cycle, and with 16 members the group highlights the neighborhood for their community work (charity, etc.). Each one of the members of the committee has a different activity and are in the working field earning a salary. The women are cashing a Paraguay Guaranies (PYG) 300,000 to 900,000 credit to buy goods for subsequent sale.

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

  • $4,555
    Average annual income
  • 16
    View loans »
    Paraguay Loans Fundraising
  • $29,311,225
    Funds lent in using Kiva
  • 4,550.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Unidas Group's $1,625 loan helped a member the buying of fruits, vegetables, oil and flour.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2011
Listed
Feb 13, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2011