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Poaju Group
In this Group: Norma Elizabeth, Nancy, Zunilda, Mariza, Fidela, Elizabeth, Lourdes Virina, Mary Luz, Basilia, Liz Mabel, Silvina, Ramona, Perla Ramona, Zulma, Fermina*, Francisca*
* not pictured
This committee was established in the neighborhood of Bernardino C. in the city of Caaguazú. Sra. Norma Elizabeth Z. participated in an informational meeting and liked the idea of forming a committee in her area. She invited responsible women who were excited about forming a group so that they could work together and apply for a solidarity loan from Fundación Paraguaya. These same ladies want to make progress on a personal level and with their families. They struggle each day to make this possible.


Sra. Zunilda sells jewelry. She buys her merchandise in Luque at low cost and then sells it in Caaguazú in order to earn a little bit of money so that she can support her children. Zunilda is well-known for her local business. Due to the beauty and quality of the jewelry she offers, she has been able to increase her customer base.


The loan she is requesting will be used to increase her inventory of jewelry that she offers so that she can earn more income. Her goal is to have her own jewelry store someday.

View original language description ↓
Este comité se formo en el Barrio Bernardino C. de la Ciudad de Caaguazú.
La señora Norma Elizabeth Z. participó de una reunión informativa en donde le encantó la idea de formar un comité en su zona, invitó a las señoras más responsables y con mucho entusiasmo se unieron en equipo en donde la responsabilidad es conjunta, solicitando así un apoyo crediticio a la Fundación Paraguaya. Las mismas son señoras que desean un progreso personal y familiar, luchan cada día para que esto sea posible.
La sra. Zunilda se dedica a la venta de joyas, ella compra joyas en Luque a menores costos y luego los vende por Caaguazú obteniendo una pequeña ganancia económica, es la manera en que ella puede mantener a sus hijos, es muy conocida por esta actividad en su zona y debido a la belleza y calidad de sus joyas aumenta la cantidad de clientes.
Ella solicita el crédito para poder aumentar la cantidad de joyas que ofrece de modo a aumentar sus ingresos ya que su meta es poseer su propia joyería alguna vez.

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
  • 86
    View loans »
    Paraguay Loans Fundraising
  • $31,419,450
    Funds lent in using Kiva
  • 4,030.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Poaju Group's $2,900 loan helped a member to purchase gold and silver jewelry to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2011
Listed
May 1, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011