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Amistad Group
In this Group: Petrona, Sira, Yessica, Victoriana, Liz, Clara, Elida, Bernarda, Viviana, Mariana, Natalia, Blanca, Maria, Arminda, Virginia*, Oracia*, Francisca*
* not pictured
This committee was formed thanks to Señora Petrona P.. They were part of another group that she put together, but the group was very large and they had differences, so they decided to divide the group. She is currently the president.

Señora Petrona is a very hard-working woman, who, despite suffering a heart attack, continues to be active in improving the group. She makes and sells hamburgers for a living from a stand at her house. Starting early in the evening, she cooks for all her customers that come to her stand. She likes this work because it doesn't require long hours and she still has time for her family. She is requesting a loan to buy buns, hamburgers and soft drinks.

Her fellow group members have their own ongoing small businesses and even though they were a bit late with the payments on their first loan, they made the payments for their last loan on time and they are committed to doing the same with the present loan. They are very grateful to the Fundación for the opportunity they are offering them and hope to remain in good standing to increase their line of credit and, in turn, increase their earnings and savings.
View original language description ↓
Este Comité se formó gracias a la Señora Petrona P., que antes había formado parte de otro grupo pero como era numeroso y tenían diferencias decidieron dividir el grupo y actualmente ella es la presidenta, es una mujer muy trabajadora que pese a sufrir un infarto sigue activando en pos del mejoramiento del grupo.
Ella se dedica a la elaboracion y venta de hamburguezas desde un puesto que posee en su casa. Todas la noches desde muy temprano comienza a cocinar a todos los clientes que llegan hasta su puesto.
Le gusta este trabajo por que no le quita mucho tiempo para dedicarle a su familia.
Solicita el prestamo para la compra de panificados, hamburguezas y gaseosas.
Sus compañeras de grupo tienen su microemprendimiento en marcha y aunque tuvieron un pequeño atraso en el primer préstamo, el anterior pagaron en forma excelente y en el presente préstamo se muestran comprometidas a seguir de la misma manera.
Se sienten muy agradecidas con la Fundación por la oportunidad brindada y esperan continuar en buena forma para aumentar su línea de crédito y a su vez aumentar sus ganancias y ahorros.

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
  • 134
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,700.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Amistad Group's $1,925 loan helped a member to purchase hamburgers and buns.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 1, 2010
Listed
Nov 29, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011