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Paraguay Renda Group
In this Group: Romelia, Dionicia , Ma Estela, Romina, Sunilda , Norma, Ruth, Diosma, Niña, Magdalena, Fátima, Graciela , Inocencia, Daili, Teodora, Sebastiana, Susana, Perla, Teresa, Juana, Verónica, Andresa, Estela*
* not pictured
This group formed because of Romelia B.. She found out about the program through her sister, a member of another group. Her sister told her about the positive things she has gotten by the formation of the group of enterprising women. Keeping this in mind, she invited her friends and colleagues from the neighborhood. They decided to join the group work in order to get ahead and improve their lifestyle.

They are 24 hard-working and humble women who work very hard to win their sustenance every day. That way they get their families ahead.

Keeping in mind the great demand there is at the start of the season and the classes, Romelia will use the requested loan to buy merchandise. She will buy things like school and office supplies (notebooks, backpacks, pencil boxes, pencils, file folders, paper). She will buy accessories for school uniforms and other things to increase the stock in her store.
View original language description ↓
Este Comité se formo a través de la Sra. Romelia B., quien se entero del programa por medio de su hermana quien es integrante de otro comite y comentó sobre las cosas positivas obtenidad mediante la conformación del comite de mujeres emprendoras, teniendo en cuenta esto, ella invito a sus amigas y compañeras del Barrio y desidieron sumarse al trabajo grupal para salir adelante y así mejorar su estilo de vida, son 24(Veinte y Cuatro) mujeres trabajadoras y humildes quienes deben trabjar muy duro para ganarse el sustento todos los dias, y así llevar adelante a sus familias.
La Sra. Romelia, teniendo en cuental la gran demanda por inicio de temporada y de clases, adquierirá con el préstamos solicitado; mercaderías como útiles escolares(cuaderno, mochilas, cartucheras, lapeces, carpetas archivadoras, tipos de hojas) y de oficina, así como accesorios para uniformes de colegios y otros para aumentar el stock de la tienda que ella posee.

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
  • $29,537,050
    Funds lent in using Kiva
  • 4,709.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Paraguay Renda Group's $2,725 loan helped a member to restock merchandise in her store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2010
Listed
Mar 22, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2010