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La Amistad Group
In this Group: Elva, Felicita, Emilia, Obtaciana, Sandra, Maria, Clotilde, Delia, Luciana, Elida, Zulma, Maida, Nancy, Cynthia, Maria, Agustina*, Rosa*, Basilia*
* not pictured
The community bank La Amistad, in the Yka´a neighborhood in the Las Abellanas section of the city of Luque, was formed thanks to women in another group in a neighboring part of the city, who told them about the community bank program and invited them to form a new group in their area. They are working in a united form to generate more income for their families.

One of the members is Señora Elva A., who prepares different types of jams in great quantities. She buys the fruits and prepares the jams and then goes around to a number of businesses where they offer her products. In addition, she has a business where she sells toys, clothing, and household utensils. She is a very hard-working woman and provides for her children in the best way possible. She is applying for this loan to purchase containers of different sizes because she wants to package her products for better presentation and handling.
View original language description ↓
El comité La Amistad del barrio Yka´a de la Fracción Las Abellanas de la ciudad de Luque, se formó gracias a que señoras de otro grupo de un barrio vecino, les habían comentado a las mismas sobre el programa del comité e invitaron a que formaran un nuevo comité en esa zona.
Ellas están trabajando de forma unida para generar mas ingresos para sus familias.
Una de las integrantes es la señora Elva A. quién se dedica a elaboración de diversos tipos de dulces gran cantidad.

Ella compra las frutas y prepara los dulces y luego recorre varios negocios donde ofrece sus productos.
Además tiene un negocio donde vende juguetes, ropas, y utensilio para el hogar.
Ella es una señora muy trabajadora y mantiene a sus hijos de la mejor manera posible.
Solicita el préstamo para la compra de envases de diversos tamaños ya que desea envasar sus productos para una mejor presentación, y manejo de los dulces.

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
  • 51
    View loans »
    Paraguay Loans Fundraising
  • $28,194,925
    Funds lent in using Kiva
  • 4,725.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Amistad Group's $3,425 loan helped a member buy plastic and glass containers of different sizes.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2010
Listed
Jun 16, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010