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Joayhu Group
In this Group: Maria , Maria , Pablina , Claudia , Susana , Liliana , Bernarda , Bernarda , Maria , Emigdia , Francisca , Isidora , Zunilda *, Faustina *
* not pictured
This committee was formed thanks to Claudia who lives in the city of Concepción. The group's president was motivated by the idea of creating something good for her fellow group members, giving them the sense that, through the committee, each one of them would be making progress.

The women were all very happy to create their group which they named Joayhu. This committee is made up of 14 women who all work in an active, selfless and very entrepreneurial manner.

The ladies own a snack bar where they sell empanadas, marineras and barbecued meat. They also sell 'chipas' (cheese buns), cakes and sweet treats. Each one of them takes care of preparing the food that they sell to their customers. They have a very well-established customer base.

The women are requesting a loan to buy ingredients for the food that they produce such as meat, spices, eggs, flour, cassava, etc. They all hope to continue working hard to get ahead in life. They are looking to make progress themselves and also help their community to make progress.
View original language description ↓
Este Comité se formo gracias a las Señora Claudia, que vive en la ciudad de Concepción.
La presidenta se motivo en la idea de producir un bien para sus compañeras, dando la una vision de que a través del comité estarian alcanzando el progreso de cada una.
Ellas se pusieron muy contentas al formar el grupo al que llamaron Joayhu, este comite está formado por 14 mujeres, en donde todas ellas trabajan de forma activa, sacrifida y muy emprendedora.
Poseen un local de minutas, donde venden empanadas, marineras, asaditos, tambien chipas, tortas, y dulces, cada una se encarga de la elaboracion de todos aquellos alimentos que ofrecen a los clientes. Ellos poseen ya una clientela muy bien definida.
Solicitan el credito para la compra de los ingredientes de las comidas que producen, como ser carne, especias, huevos, harina, mandioca, etc.
Todas tienen la esperanza de seguir luchando por salir adelante, buscando el progreso de cada una de ellas y la de su comunidad.

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
  • 53
    View loans »
    Paraguay Loans Fundraising
  • $28,564,525
    Funds lent in using Kiva
  • 3,990.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Joayhu Group's $1,875 loan helped a member to buy ingredients for the meals that they produce such as meat, spices, eggs, flour, cassava, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2011
Listed
Jun 26, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012