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Nuevo Amanecer Group
In this Group: María, María, Celestina, Sergia, María, María, Miryan, María, Agustina, Estefana, Diana, Purificación, Ramona, Lizza, Andresa, Carmen, Digna, Mirtha, Berna*
* not pictured
In the San Blas area of Carapeguá City, some low-income women learned of the Committee of Women Entrepreneurs Program and decided together to receive information on this program. These women are active, hard working and dedicated to embroidery and textiles.

They were searching for a little more support to promote their credit, increase their household incomes and improve their quality of life. They need this loan transaction to invest in their jobs and thus ensure sustainable growth that will make them succeed as a group and individually.

Mrs. Ramona M. is a well known weaver in her area and wants to buy more fabric, canvas and yarn for increasing her production of textiles, as customers continue to place more orders that sometimes cannot be filled because of the lack of supplies.

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
  • 19
    View loans »
    Paraguay Loans Fundraising
  • $29,384,125
    Funds lent in using Kiva
  • 4,580.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Amanecer Group's $4,600 loan helped a member buying fabric, thread, needles, yarn, racks, paintings, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2011
Listed
Feb 12, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011