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Oñondivepa Group
In this Group: Jorgelina, Francisca, Angelina, Luisa, Maria, Graciela, Felicia, Luberna, Rufina, Julia, Ana, Angela, Aldana, Francisca, Blanca, Pascuala, Lidia, Elena, Dorila, Maria
The committee "Oñondivepa" has been working with Fundacion Paraguaya for almost a year. The entrepreneurial women who are part of the group, use their loans for their individual businesses, which include: purchasing ingredients for cooking food, baked goods and pastries; purchasing milk and sugar, flour and salt, for their pantries; fruits and vegetables, such as melon, watermelon, bananas, and oranges; buying and selling second-hard clothes and shoes.

They all do this with the goal of improving their lives and that of their families.

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
  • 61
    View loans »
    Paraguay Loans Fundraising
  • $27,639,125
    Funds lent in using Kiva
  • 4,750.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Oñondivepa Group's $2,950 loan helped a member to buy more merchandise for their businesses.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2009
Listed
Nov 26, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010