Mujeres Activas Group
The business conducted by members of this group includes: small shops, beauty shops, food preparation, jewelry and cosmetic sales, tailoring, raising chickens, and glass work. Each group member will receive an equal share of the loan of the total loan amount, which will be used to increase their income by purchasing additional supplies and raw goods such as fabric, yarn, wheat, baked goods, sweets, sugar, drinks, costume jewelry, hair and skin products and other items that are needed in their individual businesses.
Translated from Spanish by Kiva Volunteer Ann Kenney Molloy
Este comité del Barrio Santa María ha surgido por contacto de otras señoras de un comité del mismo barrio, se han realizado las reuniones correspondientes para la conformación, y actualmente el comité esta formado por 16 mujeres trabajadoras.
Las actividades de estas señoras consisten en: Despensas, Peluquería, Elaboración de Comidas, Venta de Tapper, venta de Cosméticos, Kioscos, Venta de bijouteries, Cría de pollos, Taller de Costura, Peluquería, Vidriería y otros.
Cada integrante recibe en promedio la suma de 460.000 Gs. El destino de estos créditos son para ampliar sus negocios, es decir para la compra de mas mercaderías e insumos como ser: telas, hilos, harinas, panificados, dulces, azúcar, bebidas en general, joyas de bijouterie, artículos para el cabello, productos para la piel, etc.
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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Success!! The loan was 100% repaid