Mujeres Pojoaju Group
The program called the Committee of Enterprising Women is a group of 15 women that is asking for a joint loan that they will pay back together as a group.
This particular group formed after one of the members heard very positive comments from her neighbor about the activities she and her friends had become involved with through the help of Fundación Paraguaya. That is how this group came to be known as “Mujeres Pojoaju” which means “Women taken by the hand” in Guarani language.
The group is made up of 17 women, almost all of them from the same area of the city. They are involved with a variety of activities including the sales of fruits, vegetables, and clothing. Other members work in hair shops and doing cleaning work with a weekly or monthly salary.
The women are asking for a loan of 800,000 to 1,000,000 Guarani for each one of them (approximately $180 - $230 US dollars per person.) They will use the loan to invest in their various activities; buying merchandise or the necessary tools in order to carry out their jobs. Some of the things that they will buy are: clothing, barbershop supplies, fruits, vegetables, and other goods of primary necessity.
Translated from Spanish by Laura Kirkvold, Kiva volunteer.
El programa llamado Comité de Mujeres Emprendedoras es un grupo de mujeres de 15 integrantes como mínimo y que retiran un crédito en forma conjunta y lo pagan de forma solidaria.
Para la formación del presente comité una señora integrante de otro comité comento a una de sus vecinas sobre las ventajas del programa que estaba desarrollando junto con otras amigas en la Fundación Paraguaya. Fue así que nació este grupo llamado “Mujeres Pojoaju” que en el idioma guaraní significa Mujeres tomadas de la mano.
El comité esta constituido por 17 señoras casi todas de la misma zona las señoras tienen actividades diversas como venta de ropas, venta de verduras, frutas, peluquería, despensa, otras trabajan como limpiadoras y cuentan con un ingreso fijo semanal o mensual.
Las señoras retiran un crédito entre G. 800.000 a G.1.000.000 cada una. El crédito lo utilizan para invertirlos en sus diferentes actividades, comprando mercaderías o herramientas necesarias para realizar sus trabajos. Algunas de las cosas que compran son: ropas, materiales de peluquería, frutas, verduras, artículo de primera necesidad y otros.
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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