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Divino Niño Jesus Group
In this Group: Ramona, Florentina, Lidia, Elena , Justina , Irene , Cynthia, Ilda, Ana , Elida, María, Bernarda, Rosa, Lourdes, Ana María
This group was formed by Mrs. Ramona C., a resident of the San Isidro neighborhood of the city of Coronel Oviedo. She found out about the program through the Mujeres Unidas group. She then invited her friends and colleagues from the local bus station, who decided to form a group in order to get ahead and improve their quality of life. The group is made up of 15 hard-working, humble women who joined together with the hope of improving their living conditions.

Each one has their own independent business activity according to their respective skills.
One of the group members is Mrs. Ana Maria S., who sells snacks like empanadas (savory pastries) and milanesas (breaded meat), as well as some traditional Paraguayan foods like bori-bori (vegetable soup with balls of corn flour), Paraguayan soup (made from corn flour) and other meals. She used her loan to buy the ingredients she needs to prepare these foods, as well as several tools, like meat grinders and dough mixers.

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
  • 50
    View loans »
    Paraguay Loans Fundraising
  • $28,082,175
    Funds lent in using Kiva
  • 4,695.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Divino Niño Jesus Group's $2,275 loan helped a member buy mixers, meat grinders and ingredients like meat, vegetables and spices.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2010
Listed
Feb 26, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010