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Gasparina's Group
In this Group: Gasparina, Bernardita, Juana, María, Elvira, Eulalia, Mirtha*, Rufina, Floriana, Sara*, Hermelinda, Cristina, Panfila, Patricia, Mabel
* not pictured
View original language description ↓
There are 15 hardworking women from the town of Caacupé in the group Yaka Roysa. The majority run commercial enterprises from their own homes where they sell groceries or clothing or chupas (a chewy bread snack). They are all neighbours and are now in the third cycle of the women’s program. Each person receives an average of G.600.000 of credit.



The formation of the group was largely due to the efforts of Sra. Gasparina P. who invited her neighbours to participate. They soon became interested in the women’s program and so began the first meetings. The group’s objective currently is the activities associated with the San Juan festival where they plan to sell local dishes and use the money they earn to add to their own savings.



One of the characteristics of the members of this group is the high level of observance of the rules that govern the program. This is demonstrated by the regular repayment of the loan and by punctual attendance at the weekly meetings. They are also very strict about members who miss meetings without good reason, and the guilty are given warnings.



Gasparina notes that the success of an undertaking is due in large part to good organisation and discipline. For these reasons she is very grateful to the Fundación Paraguaya which, as well as helping the group raise capital, also provides an advisor to assist with training and the administrative tools necessary to run a group business.

Translated from Spanish by Jane Agg, Kiva Volunteer.





El comité está compuesto por 15 señoras trabajadoras de la compañía Yaka Roysa de la ciudad de Caacupé, gran parte de las señoras se dedican a actividades comerciales que lo explotan en su mismo domicilio, como despensas, chiperas, vendedoras de ropas, entre otras, todas son vecinas, actualmente y están en el 3 ciclo del programa comité de mujeres y reciben un promedio de G. 600.000 por persona en crédito.



La conformación del grupo se debió a la gran colaboración que brindo la señora Gasparina P., quien fue la que comenzó inicialmente con las invitaciones a sus vecinas quienes rápidamente mostraron interés por el programa de comité de mujeres. Fue así como se realizaron las primeras reuniones, actualmente el comité tiene como objetivo en este mes de las festividades de San Juan, realizar ferias de comidas típicas con el objetivo de recaudar fondos a para capitalizar sus ahorros interno.



Una de las características de los integrantes de este comité es el alto grado de cumplimientos de las normas que rige este programa y esta demostrado por la buena conducta de pago, y la asistencia puntual a las reuniones semanales, como también son muy exigentes con lo relacionado con las ausencias a las reuniones la misma deben ser justificadas caso contario reciben amonestaciones.



Gasparina, afirma que el éxito de un emprendimiento se debe gran parte al orden y la disciplina y en ese aspecto están muy agradecida con la Fundación Paraguaya porque a parte de facilitarle el capital de trabajo también reciben capacitación a través de su asesor quien les brinda las herramientas necesarias para administrar grupos de personas.

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
  • 102
    View loans »
    Paraguay Loans Fundraising
  • $30,964,775
    Funds lent in using Kiva
  • 3,853.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Gasparina's Group's $2,350 loan helped a member to purchase second-hand and new clothes. Several women will also buy silver jewelry and other items such as starch, cheese, vegetable oil, herbs, sugar, biscuits, noodles, drinks etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 27, 2008
Listed
Jul 9, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2008