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Edjiwengatuwa Group
In this Group: Elizabeth, Margarita, Mirta, Leonora, Luisa, Catalina, Lucia, Marcelina, Pablina, Fatima, Maria, Rosa, Dora, Juana, Amelia, Arminda*, Maribel*
* not pictured
The communal bank Edjiwengatuwa is made up of 17 women who live in the same neighborhood. The members all work in the same industry raising animals. The members of the communal bank are humble and hardworking women who, thanks to the communal bank, have more knowledge of business practices because many of them didn’t know what to do. All of them have committed to give their best so that the communal bank can finish its first loan cycle in good standing and above all to improve the quality of life for each member.

Maribel works raising farm animals like cows, pigs, chickens, etc. To do that, she has to feed them good food every day in order to later sell the animals or their products, like milk, eggs, cheese, etc.

The loan will be used to buy feed for the animals.
View original language description ↓
El Comité Edjiwengatuwa está conformado por 17 mujeres que viven en la misma comunidad, las integrantes se dedican a la misma actividad que es la cría de animales. Las integrantes del comité son mujeres humildes y luchadoras que gracias al comité tienen mayores conocimientos sobre las ideas de negocios porque muchas no tenían idea de lo que sería trabajar en equipo. Todas se comprometen a dar lo mejor de sí para que el comité termine el primer ciclo de la mejor manera posible y por encima de todo que mejore el nivel de vida de cada una de las integrantes.
La señora Maribel se dedica a la cría de animales de la chacra como vacas, canchos, gallinas, entre otros.Para ello, la señora tiene que alimentarlos con buenos alimentos todos los días para luego venderlos como animales o los productos que producen como leches, huevos, queso, etc.
El crédito sería utilizado para la compra de alimentos balanceados a los animales.

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
  • 96
    View loans »
    Paraguay Loans Fundraising
  • $30,930,425
    Funds lent in using Kiva
  • 4,395.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Edjiwengatuwa Group's $2,175 loan helped a member to buy feed for her farm animals.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2012
Listed
Sep 8, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013