Grupo Atenas Group
El Grupo Atenas esta conformado por 17 integrantes, el Grupo se encuentra localizado en la Ciudad de J. Augusto Saldivar una ciudad que queda a escasos minutos de Itá y se caracteriza por ser una zona principalmente rural.
Estas mujeres además de ser amas de casa y microempresarias, también realizan actividades con el fin de recaudar fondos para mejoras en su barR.. Es un grupo unido y muy puntual en sus créditos, ellas saben que es primordial la responsabilidad en los pagos, la comunicación entre ellas y la solidaridad principalmente. El promedio que desea retirar cada una es de 500.000gs. cada una para invertirlos principalmente en la compra de mercaderías e insumos para sus ventas.
Translated from Spanish by Eliza Wethey, Kiva volunteer.
The group named “Athens” began in November 2007, one of the members became aware of the Committee for Women Entrepreneurs through a neighbor who was already part of the committee. Seeing the progress and the benefits achieved, this woman decided to form her own committee with her friends and neighbors. The informative meetings were a success, they were able to form a group composed of working and active ladies. The members are engaged in various activities such as selling merchandise, crafts, cosmetics, ice cream, fast food, hairdressing, clothing and clothing maids.
The Athens Group is made up of 17 members, the group is located in the City of J. Augusto Saldivar which is a few minutes away from Itá and is characterized by a predominantly rural area.
These women besides being housewives and micro entrepreneurs are also active in raising funds for improvements in their neighborhood. It is a unified group that is very timely in paying their loans; they know that it is their primary responsibilities are to make payments, communicate and ensure solidarity among them. The average each woman would like to borrow is 500.000gs which would be used to invest primarily in the purchase of goods and supplies for their sales.
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