Check out some available loans that are similar to this one!
Mujeres Solidarias Group
In this Group: Florencia, Aida Luz, Mercedes, Teresa, Nilda, Gloria, Emiliana, Francisca, Julieta, Graciela, Marina, Marlene, Julia, Ladislaa, Celsa, Valentina, Beatriz, Maris, Rossana
The Women's Committee (Mujeres Solidarias) was formed on November 15, 2006. The initiative of Aida Luz R., who sells jewelry, brought 16 women together after contacting the local counselor on female entrepreneurship. This group is in their 10th loan cycle, working successfully and supporting each other in their enterprises. The average loan in the group is Gs 1,005,263 per member, used for various sales activities such as food, haberdashery, goods for the pantry, clothes, fruit, cakes, and jewelry, and the operation of a kiosk selling rice, sugar, noodles, milk, bakery, etc.

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
  • 63
    View loans »
    Paraguay Loans Fundraising
  • $28,827,025
    Funds lent in using Kiva
  • 4,860.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Solidarias Group's $3,950 loan helped a member merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2009
Listed
Nov 22, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010