Check out some available loans that are similar to this one!
Amigas Unidas Group
In this Group: Elva, Elvira, Juana, Miguela, Sara, Loida, Francisca, Benigna, Ameliana, María, Myrian*, Mary, Lidia
* not pictured
The formation of the present committee was started by Mrs. Elvira, of Yguazú. She contacted her neighbors and friends to form the committee in her area. The committee is called Amigas Unidas [United Friends] and they are in their sixth cycle with 13 members. It is a very united, supportive and responsible group. The members possess a very motivational and enterprising spirit. They are on target for meeting the quotas for their businesses and the collection of funds. They expect to finish this stage with very good performance in meeting their obligations with the institution.

One of the members is Mrs. Elva, who sells clothes and herbal medicines out of a room in her home. She also offers her services by visiting her customers' businesses. In this manner, she is able to sell her products and earn an income for her family to cover some expenses that are necessary in the daily life of the family, such as basic nutrition. She is requesting the loan to purchase clothing and herbal medicines.
View original language description ↓
Para la formación del presente comité inició la señora Elvira, de Yguazú. Ella contactó con sus vecinas y amigas para formar el comité en la zona. El comité se denomina Amigas Unidas, están en el Sexto Ciclo con 13 integrantes. Es un grupo muy unido, solidario y responsable, las integrantes poseen un gran espíritu emprendedor, ya que están al día con las cuotas, realizan actividades de recaudación de fondos, como también de motivación, y pretenden terminar esta etapa con muy buen cumplimiento de responsabilidad con la institución.

Una de las integrantes es la señora Elva quien se dedica a la venta de ropas y remedios yuyos. Lo realiza en un salón de su casa y también ofrece sus productos de manera ambulante, recorriendo los negocios de sus clientes.
De esta forma, ella vende sus productos y así obtiene los ingresos para sus familias y de esta forma cubre algunos gastos que necesariamente se realiza todos los días en la familia, como sin la alimentación.
Solicita el préstamo para la compra de ropas y remedios yuyos.

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
  • 16
    View loans »
    Paraguay Loans Fundraising
  • $29,311,225
    Funds lent in using Kiva
  • 4,760.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Amigas Unidas Group's $2,150 loan helped a member purchase of clothing and herbal medicines.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2010
Listed
Nov 22, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 22, 2011