Mujeres Progresando Group
This committee is comprised of 20 hard-working women of the city of Asunción. Because the opportunities to obtain capital to start a small enterprise are very few, they decided to participate in the program of the Foundation, which gathers women of scarce resources and provides them with a small loan to encourage their desire for progress.
Each one of them, besides being a housewife, owns a micro-business that helps to generate income for the family. Among them are some that are dedicated to the sale of foods as such as patties, croquettes, and tortillas, among others. Other ladies sell fruits such as oranges, bananas, pineapple, melon, watermelon, and apples; others sell cosmetics, beverages (beer, carbonated water, and other refreshments,) and there are also ones that are dedicated to dressmaking.
They strive to the maximum so that their children are not subject to the same economic and academic limitations as they have been. Today with a new loan, they will be able to acquire new merchandise and in large quantities that will also give them the benefit of buying at a discount.
Translated from Spanish by B, Kiva Volunteer.
Este comité está conformado por 20 señoras trabajadoras de la ciudad de Asunción. Debido a que sus posibilidades de conseguir capital para empezar un pequeño emprendimiento se veía muy dificultoso, deciden un día participar del programa de la Fundación, que agrupa a mujeres de escasos recursos y les provee de un pequeño crédito para impulsar su deseo de progreso.
Cada una de ellas, además de ser amas de casa, poseen microempresas que ayudan a generar un ingreso para la familia. Entre ellas están las que se dedican a la venta de comidas como empanadas, croquetas, tortillas entre otros. Otras señoras venden frutas como naranjas, bananas, piña, melón, sandia, manzana; otras venden cosméticos, bebidas (cerveza, gaseosa, refrescos,) y también están las que se dedican a la costura.
Ellas se esfuerzan al máximo para que sus hijos no pasen por las mismas limitaciones tanto económicas como académicas. Hoy con un nuevo crédito, ellas podrán acceder a adquirir mercaderías nuevas y en grandes cantidades que además le da el beneficio de comprar con descuentos en los precios.
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