Comité Ytumí Group
The first meetings of the committee were held in the house of Rosa O. and it was there that they established ground rules and the central theme of this newly formed organization for women entrepreneurs. All women were to attend the weekly meetings on time for training and to make their loan payments.
The committee decided to undertake a project of helping to eradicate two things in the community. The first was to eliminate the breeding grounds for mosquitoes infected with Dengue, a sometimes fatal disease. At the Fundación Paraguay Office in Caacupe the women cleaned the patio, sidewalks, and streets around the neighborhood.
The second activity is to combat the other sickness that affects not only their neighborhood, but also the rest of the country; crime. Their efforts along with other organizations, demonstrate that there are united, organized people who are prepared to help one another. Gerómina commented that the only way to combat these two evils is to be united and work in groups.
With this loan Gerómina and the other women will continue to expand their businesses. They are working to become a united force in the community who will influence others in their community to have pride for their neighborhood and their country.
About Fundación ParaguayaFundación 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.
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Success!! The loan was 100% repaid