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Edjiwengatuwa Group
In this Group: Maribel, Margarita, Elizabeth, Maria, Diana, Cornelia, Felicita, Antonia, Dominga, Carmen, Tomasa, Rosa, Arminda, Luisa, Mirta, Amada, Victoriana
The group called Edjiwengatuwa is in its first cycle of the women entrepreneurs program. They are from a city far from the area of Curuguaty which still growing. It’s an area difficult to access which is why the members of this group want to fight to grow and to give the area where they live a better environment so that it continues to slowly grow.

Margarita is one of the members of this group. Through her own small store she helps her family by providing them with their daily necessities. She is a fighter who says she started with very little but later through her work has grown.

She is requesting this loan to be able to invest it in the purchase of supplies for her store such as drinks, vegetables, beef, chicken, among other items. This way, she can continue offering a good variety to her customers.
View original language description ↓
El grupo llamado Edjiwengatuwa está en su ciclo número 1 del programa de comité de mujeres, son de una ciudad alejada de la zona de Curuguaty que aún se encuentra en crecimiento. Es una zona de difícil acceso, por lo que las integrantes de este grupo quieren luchar por ir creciendo y dar a la zona donde viven un mejor ambiente y que vayan creciendo lentamente.
La Sra. Margarita es una de las integrantes de este grupo, quien por medio de su pequeño negocio que es una despensa, viene ayudando a su familia para darles todo lo que necesitan para el día a día. Es una persona muy luchadora, que comenta que empezó con muy poco, pero que luego por medio de su trabajo ha crecido.
Ella solicita de este crédito para poder invertirlo en la compra de insumos para su despensa, como ser bebidas, verduras, carne, pollo, queso y demás y de esa forma poder seguir ofreciendo una buena variedad a sus clientes.

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

  • $8,400
    Average annual income
  • 134
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,429.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Edjiwengatuwa Group's $3,000 loan helped a member to purchase drinks, vegetables, beef, chicken, among other items.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 25, 2013
Listed
Oct 29, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014