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Cerro Guy Group
In this Group: Librada, Maria*, Emilce, Rocio, Olga, Sonia, Ida, Ubalda, Clemencia, Cluadia, Liliana*, Leónidas, Rosalba, Alba*, Rossana
* not pictured
In the city of Yaguaron, some 22 kilometers from the Paraguari Office, a group of women meet for the purpose of funding their existing economic activities, or to begin productive activities. They gather to internalize their program, which offers very fruitful and interesting results.

The committee goes by the name of Cerro Guy (Guy Hill), because they are all friends and neighbors, and by means of this undertaking, they fortify the links between them. Presently, they are in their 5th loan cycle. The group is made up of 15 enterprising women who put forth their best efforts to augment their incomes and, as a result, to offer the best to their respective families. All the members are fighters who have invested their loans in their respective activities.

Librada, who sells drinks in a cantina in her house, comments that the loans they obtain by means of the committee, serve her well for supplying her business with merchandise, and her earnings are destined to help her family with household costs, including food, water, lights, and other expenses.

She is applying anew, to buy drinks, including wine, beer, soft drinks, and other items.
View original language description ↓
En la ciudad de Yaguarón, distante a 22 Km. de la Oficina de Paraguarí, se reunieron unas mujeres con el fin de capitalizar su actividad y otras para emprender actividades productivas, de ahí que coordinamos la reunión para interiorizarse sobre el programa, les resultó muy fructíferas e interesantes por los beneficios brindados por el programa.
El comité lleva por nombre Cerro Guy debido a que todas son amigas, vecinas y por medio de este emprendimiento fortalecerían el lazo entre ellas, actualmente se encuentran en el quinto, integrada por 15 emprendedoras señoras, quienes ponen lo mejor de si para aumentar sus ingresos y por ende brindarle lo mejor a sus respectivas familias. Todas las integrantes son luchadoras, quienes han invertido sus préstamos en sus respectivas actividades.
La señora Librada quien se dedica a la venta de bebidas en la cantina que posee en su casa comenta que los créditos que obtuvo mediante su comité le sirvió bastante para cargar de mercaderias su negocio y sus ingresos lo destina tambien para ayudar a su familia con los gasto de la casa, alimentacion, agua, luz y otros.
Solicita nuevamente para la compra de bebidas, como vinos, cervezas, gaseosas y otros.

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

  • $8,400
    Average annual income
  • 112
    View loans »
    Paraguay Loans Fundraising
  • $31,646,475
    Funds lent in using Kiva
  • 4,725.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Cerro Guy Group's $1,400 loan helped a member tO BUY SOFT DRINKS, WINE, BEER, AND OTHER MERCHANDISE TO SELL.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2010
Listed
Nov 18, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011