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5 De Mayo Group
In this Group: Mariela, Cirila, Ramona, Carolina, Sonia, Juana, Lilian , Wilma, Rosalba, María, Teresa, Daisy, Antonia , Feliciana, Gabriela, Perla, Catalina
The committee "May 5th" has been around for 2 years and has worked with the Paraguayan Foundation. The majority of the members already work. The activities they participate in include selling fruits and vegetables, snacks such as meat pies, chicken pies, cheese and ham pies, products such as: noodles, sugar, flour, oil, ham, including others, clothes, remedies, etc.


Mrs. Cirila specifically is requesting the loan to have her own locale to sell meals and beverages. She wants a better future for her children so she doubles her efforts to provide for their development and growth.

View original language description ↓
El comité “5 de Mayo” tiene más de 2 años de formación y trabajo con la Fundación Paraguaya. La mayoría de sus integrantes ya realiza actividades productivas. Entre dichas actividades se encuentran la venta de frutas y verduras, venta de comestibles como empanadas de carne, empanadas de pollo, empanadas de jamón y queso, venta de mercaderías varias como: fideo, azúcar, harina, aceite, jabón, entre otros artículos, venta de ropas, venta de remedios etc.
La Sra. Cirila específicamente desea el crédito para contar con su propio local en el cual se dedique al servicio de comidas y bebidas en general. Anhela un futuro mejor para sus hijos es por eso que se esfuerza el doble para facilitarles los materiales para su desarrollo y formación.

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
  • 79
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 3,975.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 5 De Mayo Group's $2,525 loan helped a member buy beverages and products to prepare fast food.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2011
Listed
May 22, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011