Maria Estela's Group
Among the businesses these ladies run are: grocery stores, sales of fruits, remedies, furniture, coal and vegetables. The money provided by this Kiva loan will be used to purchase merchandise in some cases and raw materials in others.
Maria Angelica V.'s "Women Working Together" group was formed under the "Committee of Entrepreneuring Women" program carried out by Fundación Paraguaya. The programtargets groups of enterprising women who create a village bank through which they receive assistance in terms of loans. The main goal is to give them the opportunity to carry out economic activities which enable them to live in dignity and contribute to a better quality of life in their homes. Lending to poor women creates a cascading effect that brings social and economic benefits to a whole family, and thus to the entire community. What is more, the sense of belonging to a group gives these women the energy and motivation to achieve success.
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
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Success!! The loan was 100% repaid