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Mar 28, 2016 1:30 PM ET

Archived: Mujeres Emprendedoras Group: A portion of Mujeres Emprendedoras Group’s $2,825 loan helps a member to buy jeans, shirts, pants, blouses, and other garments to sell.

iCrowdNewswire - Mar 28, 2016

Mujeres Emprendedoras Group

Luque, Paraguay Clothing | Clothing
Mujeres Emprendedoras Group
In this Group: Teodocia, Cornelia, Dominga, Luz, Norma, Faustina, Geronima, Ana, Ninfa, Mirian, Lidia, Ana, Mirian, Lourdes, Ramona, Angélica, Fátima
The group called Mujeres Emprendedora (Enterprising Women) is in its first loan cycle with the program of the women’s committee, where they all work and which helps them to get ahead. They all have the desire to overcome and to each help one another.
Teodocia is one of the members of the group. She is a woman who is very dedicated to her family and she strives and fights for her loved ones. She has the income to help them as a result of her work selling clothes.
She is requesting this loan to buy various clothes to sell such as jeans, shirts, pants, blouses, and other items so that she can continue with her sales as she has been doing.

Additional Information

About Fundación Paraguaya

Fundación 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.

Contact Information:

Mujeres Emprendedoras Group

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