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Mujeres Emprendedoras 2 Group
In this Group: Eugenia, Lucia, Maria, Diana, Natalia, Lilian, Alba, Patrocinia, Mirna, Manuela, Ubalda, Marciana, Florentina, Olga, Maria, Maria, Maria, Adriana*, Laura*
* not pictured
The communal bank "Mujeres Emprendedoras," from the city of Concepción, is in its 4th loan cycle with the Program of Women's Committees of Fundación Paraguaya. They meet in an area that is still growing, which is located outside of the central part of the city. These members come from outlying areas, and they are trying to grow to help their families.

Lucia is one of the members. She has a small pastry shop where she works every day from the early hours of the morning. She is striving to get ahead. She hopes that over time, and through the help of everyone in her neighborhood, they can improve their environment and in this way offer better security to their families while also providing them with a better future.

Lucia is requesting this loan to buy supplies for her pastry shop, such as flour, eggs, vanilla, butter, and other items. This way, she can continue with her sales and grow her business, enabling her to provide for her family's needs so that they can have a life free from deprivation.
View original language description ↓
El grupo llamado Mujeres Emprendedoras 2 está en su ciclo número 4 del programa de comité de mujeres, es de la ciudad de Concepción, la cual es una zona un poco alejada de la zona céntrica y aun se encuentra en crecimiento, las integrantes están en zonas distantes y tratan de crecer para ayudar a su familia.
La Sra. Lucia es una de las integrantes, ella tiene un pequeño negocio de Repostería en el que trabaja todos los días desde muy tempranas horas, y lucha por salir adelante. Desea que conforme pase el tiempo, y por medio de la ayuda de todas las personas de su zona puedan ir mejorando su entorno y así ofrecer una mayor seguridad a sus familias, también poder procurar para ellos un mejor futuro.
Solicita de este crédito para la compra de insumos para su repostería, como ser harina, huevo, vainilla, manteca y demás, para poder seguir con sus ventas. Y de esa forma poder seguir creciendo con su negocio y dar así a su familia lo que necesitan para tener una vida sin privaciones.

Additional Information

More information about this loan

This loan is designed for poor clients living in rural areas with high levels of crime and social conflict. These clients, working primarily in agriculture, are often ineligible for credit from formal financial institutions because of the high-crime area they live in, their lack of adequate collateral (like a land title), and the likelihood of low agricultural production due to bad weather or pests. Fundación Paraguaya is committed to serving these clients with loans and other wraparound services tailored to their needs. It also provides clients working in agriculture with access to discounted training courses at a local agricultural school to teach them how to improve their crop yields.

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

  • $4,555
    Average annual income
  • 61
    View loans »
    Paraguay Loans Fundraising
  • $28,869,750
    Funds lent in using Kiva
  • 4,415.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Emprendedoras 2 Group's $3,525 loan helped a member to buy flour, eggs, vanilla, butter, and other supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2013
Listed
Jun 18, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013