A loan of $4,425 helped a member to purchase clothing like dresses, shirts, shoes and various types of footwear.


Ytumi Group's story

The women of this communal bank live in the Ytumi neighborhood in the city of Caacupé. They are hard-working and organized women that do business together often. This provides for a more solid and unified group. The women are very grateful to Fundación Paraguaya for the loans and the frequent training they receive from the institution. They are learning to save, to organize themselves and thus, create more sources of income. This has helped them to improve their quality of life and that of their families. The members have been a part of the program for approximately 5-6 years and have just concluded their fourteenth loan cycle. One of the members is Señora Rosa, a business woman who owns a boutique. She travels periodically to bring good quality clothing from Brazil to sell in her store. She is requesting a loan to finance another trip so that a she can buy seasonal clothing like dresses, t-shirts, shirts, shorts and various types of shoes and footwear. She says that this job is very beneficial for her husband who also travels as an employee of the business. This way they can offer their 2 children a better life.

In this group: Rosa, Antonia, Gerónima, Florinda, Mariana, Rosalba, Isabel, Beatriz, Marina, María Cristina, Herminia, Pascuala, María Angelina, Juana, Fermina, Marina, Emilce*, María Leticia*, Luciana*
*not pictured

Translated from Spanish by Kiva volunteer



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