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La Unión Group
In this Group: Narcisa , Juana , Jazmin , Maria , Crescencia , Lidia , Germana , Maria , Delia , Blanca
The communal bank of female entrepreneurs, La Union, is from Chaco and is currently in its first loan cycle. The members are eager to continue the program. They work together and, in that way, are able to help their families and give them everything that didn’t have.

Blanca is one of the members. She tells us that she works doing laundry service, and she washes many of her neighbors’ clothes outside. Thanks to this work she can give her family what they need. She says that she is very proud of what she does, since it’s dignified work and above all honest.

She is asking for a loan to buy soap, clothing rinse, fabric softeners, and other things that she needs in order to be able to continue working and growing.
View original language description ↓
El Comité de Mujeres Emprendedoras La Unión es del chaco y actualmente se encuentran en el primer ciclo, tienen muchas ganas de seguir dentro del programa, trabajar juntas y de esa forma poder ayudar a sus familias, y darles todo aquello a los que ella no pudieron tener acceso.
Blanca es una de las integrantes, y nos comenta que se dedica a la lavandería. Lava ropa ajena de muchos de sus vecinos, y gracias a este trabajo puede darle a su familia lo que necesitan. Comenta que está muy orgullosa de lo que hace, pues es un trabajo muy digno, y por sobre todo muy honesto.
Ella solicita el crédito para la compra de jabones, enjuagues de ropas, suavizantes y demás insumos necesarios para que pueda seguir trabajando y creciendo.

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
  • 92
    View loans »
    Paraguay Loans Fundraising
  • $31,392,000
    Funds lent in using Kiva
  • 4,250.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Unión Group's $1,325 loan helped a member to buy soap, clothing rinse, fabric softeners, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2012
Listed
Mar 25, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2012