Mujeres Unidas (United Women) Group
The committee consists of 19 women of the same neighborhood; they work selling various goods, such as clothing, foodstuffs, cosmetics, drinks, silver jewelry, etc. Their sales provide a weekly or monthly income.
The women are requesting a loan of $75 to $300 each to invest in the purchase of clothing and foodstuffs such as flour, oil, sugar, meat, dairy products, corn, fruit, vegetables, etc.
Translated from Spanish by Scott Crandall, Kiva Volunteer.
Para la formación del presente comité fue el señor Bibiano Cabrera un ex cliente de la Fundación Paraguaya de la zona del km 9 Monday, quien contactó con sus vecinas y amigas informándoles del interesante programa que desarrolla la Fundación y que era enfocado para mujeres emprendedoras de escasos recursos.
El comité esta constituido por 19 señoras casi todas de la misma zona, las señoras poseen actividades diversas como venta de ropas, comestibles, cosméticos, bebidas, joyas de plata y otros. Estas actividades representan un ingreso semanal o mensual.
Las señoras retiran un crédito de 300.000 a 1.200.000 guaraníes cada una para invertirlos en la compra de ropas, artículos necesidad como harina, aceite, azúcar, carnes, lácteos, maíz, frutas, verduras y otros.
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