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Comité Yboty Group
In this Group: Laura, Hilaria, Cirila, Zunilda*, Elsa, Perla, Carmen, Rosa, Marta, Marlene*, Susana, Silvia*, Rosalina, Patricia, Silva, Luciana
* not pictured
View original language description ↓
The committee is comprised of 16 working women from the Yboty of Cabañas company in the city of Caacupé. All of them are informal micro-entrepreneurs and are currently in the 7th cycle of the program for Enterprising Woman. The committee's name, "Yboty", means flower in Guarani, the native language of Paraguay. The women are currently benefiting from a loan of around 718,000 guaranis each (roughly $200 USD).



The group began with its first meetings in the home of Mrs. Marta M. who is currently the group's secretary. One of the characteristics of this group is that they are interested in constantly learning and always ask their assessor Freddy Bordon to school them in specific areas such as marketing, public relations, finances, break even points amongst other topics.



The committee has embarked on a project for the month of June 2008 to host a celebration for Saint John in the neighborhood square. The proceeds will go to helping their neighbor who is currently ill but was once a member of the committee.



Laura, the group leader, expresses the thanks of all the members of the "Yboty" committee to the Paraguayan Foundation for being the only institution that has given them the chance to receive a formal loan to use as working capital and for enabling them to manage their own business.




Today they are requesting a new loan to invest in their mirco-enterprises by purchasing products to be sold in their kiosks such as sugar, meats, rice, vegetables, fruit, candy, soda and others. Those who prepare and sell food, especially "chipa" (a traditional Paraguayan bread with cheese) need to purchase ingredients. The traveling saleswomen in the group will purchase various products including undergarments, clothes and kitchen utensils etc.



Translated from Spanish by Inês Teles, Kiva volunteer.



El comité está compuesto por 16 señoras trabajadoras de la compañía Yboty de Cabañas de la ciudad de Caacupé, todas son pequeñas microempresarias informales y actualmente están en 7to. Ciclo del programa de comité de Mujeres Emprendoras. El comité lleva por nombre “Yboty” que significa flor en el idioma guaraní, idioma nativo de nuestro país. Las señoras actualmente están siendo beneficiadas con un crédito promedio de 718.000 mil guaraníes a cada integrantes.



El comité se inició con las primeras reuniones en la casa de la señora Marta M., quien actualmente cumple la función de secretaria, una de las características de este grupo es que están interesada constantemente en capacitarse, por lo siempre piden a su asesor Freddy Bordón que les hable de algún tema en especial, como ser Marketing, Relaciones Públicas, Finanzas, Punto de equilibrio, entre otros temas.



El comité actualmente se aboca a un proyecto para este mes de Junio, que es la de realizar una fiesta de San Juan en la plaza del barrio, lo recaudado será para ayudar a una vecina quien se encuentra enferma y en alguna oportunidad fue integrante del comité.



La señora Laura, manifiesta y trasmite el agradecimiento de todas las que componen el comité “Yboty” a la Fundación Paraguaya, por ser la única institución que les dio la posibilidad de obtener un préstamo formal para capital de trabajo y a parte el de capacitacitarles para manejar su negocio.



Ellas hoy día solicitan un nuevo crédito para invertirlo en sus micro comercios comprando mercaderías para despensa y kioscos como azúcar, carnes, arroz, vegetales, frutas, golosinas, gaseosas, entre otros. Para las que se dedican a la elaboración y venta de comidas, especialmente “chipa” que es una comida típica parecida al pan con queso, se necesita comprar ingredientes y para las vendedoras ambulantes mercaderías varias como lencerías, ropas, utensilios de cocina, etc.

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
  • 93
    View loans »
    Paraguay Loans Fundraising
  • $30,930,425
    Funds lent in using Kiva
  • 3,837.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Comité Yboty Group's $3,000 loan helped a member to purchase clothes, sugar, meat, herbs, flour, milk, coal, drins, seeds and garden plants as well as raw materials to prepare 'chipas' such as starch cheese and vegetable oil.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 1, 2008
Listed
Jul 10, 2008
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2009