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Renacer Group
In this Group: Laura, Natividad, Juliana, Marcelina, Ambriosia, Benita, Maria, Maria, Abelina, Maria, Maria, Delcy, Mariacita, Rosa, Lorena, Clotilde, Raquel, Maria, Laura
In 2008, thanks to the current General Director of Comité Renacer, Ms. Laura R., this women’s committee was formed. She took the initiative, and went to the local credit counselor to find out how the Women's Entrepreneurship program worked. She gathered 21 women and they have been working together ever since.

The average loan per member is 685,000 Gs., used for different activities such as selling food, selling dry goods, selling goods for the pantry (rice, sugar, noodles, dairy, bakery, etc.), selling clothes, selling cosmetics, photocopies, blankets and quilts, plants and gardening supplies. The women of the committee are all working together, helping each other to reach their common goals.

It's a very supportive group, and they have worked hard to make sure they all repay their loans on time.

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
  • 53
    View loans »
    Paraguay Loans Fundraising
  • $28,564,525
    Funds lent in using Kiva
  • 4,860.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Renacer Group's $2,975 loan helped a member to purchase merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2009
Listed
Nov 22, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010