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Las Amigas Group
In this Group: Sandra, Juana, Nilsa*, Estela, Candida, Sixta*, Griselda, Stela, Ermelinda, Bernarda, Taciana, Natividad, Gladys, Herma, Doralicia, Memiliana, Epifania, Liz Mariela
* not pictured
The Mujeres Emprendedoras committee “Las Amigas” live in the neighborhood of Kennedy in the city of Caacupé. The committee is composed of 18 members, all from the same area, and they are actually in the twelfth cycle of the program Committee of Mujeres Emprendedoras at Foundation Paraguaya.

They benefit from the training each cycle where they learn themes of integration: self-esteem, savings, and budgets. The institution also benefits from the operative capital that increases to an average daily amount of 860.000 Guaraníes from each member. The money spent by the Fundacion goes directly towards the accompaniment and growth of each business mentioned above.

All the members are thankful that the Fundacion has given them so much support despite the fact that these women have very little resources and belong to a marginalized group that limits their opportunities.

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.

About Paraguay

  • $4,555
    Average annual income
  • 43
    View loans »
    Paraguay Loans Fundraising
  • $28,281,050
    Funds lent in using Kiva
  • 4,990.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Amigas Group's $3,100 loan helped a member the purchase of goods for a grocery; ingredients and materials for the production of delicacies, chipa (famous Paraguayan bread), meat, and other food; materials for the dressmaking; and wood for carpentry work.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2009
Listed
Jul 30, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009