Mujeres Unidas Para Triunfar Group
This group of the San Pedro neighborhood was formed thanks to the ladies in the neighborhood who had already formed another group. Seeing the progress and benefits that those ladies obtained, they decided to form a committee in order to be able to have the possibility of growing their businesses.
The ladies of this group, besides being a housewife, carry out various activities such as the sale of clothes, sheets, towels, and lingerie, dressmaking, running clothing workshops, making inexpensive clothes and running businesses in their homes such as pantries and salons.
Besides their businesses, also they carry out other activities that help to bring in extra money to their savings.
The total that each lady receives varies from 300,000 to 1,600,000 Guaranis (currency of Paraguay). All the ladies will use the loan to buy merchandise for the activities that they are carrying out.
Translated from Spanish by B, Kiva Volunteer.
Este grupo del Barrio San Pedro surgió gracias a que en el barrio de estas señoras ya se había conformado otro grupo, y viendo el progreso y los beneficios que obtenían estas señoras, decidieron formar un comité para así poder acceder a la posibilidad de crecer con sus emprendimientos.
Las señoras de este grupo, además de ser amas de casa, realizan actividades como la venta de ropas, sábanas y toallas, lencerías, otras señoras que son modistas tienen taller de costura y confeccionan ropas bajo pedido y otras poseen negocios propios en su domicilio despensa y peluquería.
Además de las actividades de ellas, también realizan otras que ayudan a juntar un pequeño dinero extra para el ahorro de ellas.
El monto que recibe cada señora varía entre 300.000 a 1.600.000 de guaraníes (moneda de Paraguay); todas las señoras destinan el crédito para comprar mercaderías para las actividades que están realizando.
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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