The activities that these ladies are involved with are: running pantries, laundry services, manicure & hair salon services, embroidery design, sale of foods, selling candy, selling jewelry, and running a social pharmacy.
Each member receives an average sum of 500,000 Gs. The purpose of these loans are to purchase goods and inventory required in their respective business, such as fabrics, thread, flour, sweets, sugar, clothing, jewelry, products for hair care, over the counter drugs/pharmaceutical items, etc.
Translated from Spanish by Mayra Gould, Kiva volunteer.
Este comité del Barrio Chaipe ha surgido por contacto de otras señoras de un comité del mismo Barrio, se han realizado las reuniones correspondientes para la conformación, y actualmente el comité esta formado por 15 mujeres trabajadoras.
Las actividades de estas señoras consisten en: despensas, lavandería, manicuras, peluquería, elaboración de bordados, venta de comidas, venta de dulces, venta de ropas, venta de joyas, farmacia social.
Cada integrante recibe en promedio la suma de 500.000 Gs. El destino de estos créditos son para comprar insumos y mercaderías necesarias en sus negocios, tales como: telas, hilos, harinas, panificados, dulces, azúcar, prendas de vestir, joyas, artículos para el cabello, medicamentos, etc.
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