Mujeres Unidas De Encarnación Group
After having the required meetings the group "Mujeres Unidas de Encarnación" is formed. Nowadays they work with the loans in a responsible and punctual manner.
Currently the committee is formed by 17 hard working women. They work in different areas such as small general stores, dressmaking, hair salons, clothings sales, merchandise sales, food sales, among others. Each member receives an average of Gs. 800.000. The loans will be used to expand their businesses, in other words, to purchase more merchandise and materials such as: fabric, thread, buttons, elastics, zippers, flour, breads, canned goods, drinks, clothing, haircare products, cosmetics, etc.
Translated from Spanish by Libertad Leal, Kiva volunteer.
Este comité del Barrio San Miguel Centro del distrito de Cambyreta ha surgido por contacto de otro grupo formado en un barrio cercano, donde una de las mujeres invito a una de las señoras a contactar con la Fundación Paraguaya y formar su propio comité.
Luego de realizar las reuniones requeridas de presentación surge el grupo “Mujeres Unidas de Encarnación” que hoy día ya trabajan con el crédito solidario de forma responsable y puntual.
Actualmente el comité esta integrado por 17 mujeres trabajadoras. Las actividades de estas señoras consisten en: despensas, costura de prendas, peluquería, venta de ropas, venta de mercaderías, venta de comestibles, y otros. Cada integrante recibe en promedio la suma de Gs. 800.000. El destino de estos créditos será para la expansión de sus negocios, es decir para la compra de mas mercaderías e insumos como ser: telas, hilos, botones, elásticos, cierres, harinas, panificados, productos enlatados, bebidas, prendas de vestir, artículos para el cabello, productos cosméticos, 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