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El Rincon De Las Amigas Group
In this Group: María, Sara, Viviana, Hilaria, Ana, Digna, Enriqueta, Francisca, Irene, Blanca, Anabella, Gloria, Sandra*, Clara*, Yani*
* not pictured
The El Rincón de las Amigas (The Girlfriends’ Nook) committee came about through the formation of the La Familia (The Family) committee in the San Salvador neighborhood which was in its second organizational meeting. The number of members surpassed the maximum allowed so two committees were formed. It currently has 15 members who are in their ninth cycle in the program.

Rossana is one of the members. She has a store in her home selling general merchandise. Much of her time is spent tending to the business but her family helps constantly with all the chores she has.

She now has the option of preparing food to sell to her customers since they come by the store at all hours and she wants to take advantage of this to increase income.

She is asking for a loan to buy the ingredients she will use in meal preparation, especially meats, oils, vegetables and others.
View original language description ↓
El comité El Rincón de las Amigas se dio mediante la formación del comité La Familia del barrio San Salvador el cual se encontraba en su segunda reunión de formación y la cantidad de integrantes superó el máximo permitido por lo que se formo dos comités.
Actualmente el comité está conformado por 15 integrantes y se encuentran en el noveno ciclo del programa.
La señora Rossana es una de las integrantes, ella cuenta con un negocio en su casa, donde ofrece artículos generales.
Gran parte de su tiempo lo dedica a la atención de su negocio, pero la ayuda constantemente su familia en todas las tareas que tiene.
Actualmente cuenta con la opción de elaborar comestibles para vender a sus clientes ya que acuden en su negocio en todo momento y quiere aprovechar esto para aumentar sus ingresos.
Solicita el préstamo para la compra de insumo que estará utilizando en la venta de comestibles, especialmente carnes, aceites, verduras 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

  • $4,555
    Average annual income
  • 69
    View loans »
    Paraguay Loans Fundraising
  • $28,785,675
    Funds lent in using Kiva
  • 4,675.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of El Rincon De Las Amigas Group's $3,725 loan helped a member to buy meat, cooking oil and others.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2010
Listed
Nov 24, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 16, 2011