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Nuevo Amanecer Group
In this Group: Emilce , Catalina , Aida , Maria , Nilda , Cristina , Norma , Mirtha , Maria , Alba , Blanca , Maria , Mirta , Florinda , Nelly , Carmen , Alba , Olga
This committee is very well organized; they are united, hard working and mutually supportive. They are in the fourth cycle renewal. They meet weekly to organize the teamwork trading off equally among them.

These women are from the city of Mbocyaty-Villarica. Most are micro entrepreneurs. They are manufacturers and buyers/sellers of Ao Poi garments (traditional Paraguayan embroidery). They stated that their dream of growth and group solidarity would be to open a micro business together with help from Fundación Paraguaya and its regular loans granted at each stage. They learn to save and in the near future will have their own committee micro business to work alongside what they are currently involved in.

Emilce has been making and selling Ao Poi garments for a long time. She was a teacher for over 25 years and is now retired but because her pension isn’t sufficient to be able to support her family she‘s working her micro business.

She hopes to have support from Kiva lenders to buy more fabric and necessary supplies to make her items.
View original language description ↓
Este comité tiene muy buena organización, son unidas, trabajadoras y solidarias unas con otras.
Se encuentran con la renovación del cuarto ciclo. Se reúnen semanalmente para organizar el trabajo en equipo turnandose cada una por igual.
Estas señoras son de la ciudad de Mbocayaty - Villarrica, en mayoría microempresarias, pues se dedican a la fabricación, compra y venta de prendas de ao poi. Manifestaron que su sueño de crecimiento y solidez del grupo sería abrir una microempresa juntas y con la ayuda que la Fundación Paraguaya mediante los créditos que otorgan cada etapa; aprenden a ahorrar y el día de mañana tendrán su propia microempresa de Comité pudiendo trabajar en paralelo a lo que están realizando actualmente.
La sra. Emilce se dedica desde hace tiempo a la fabricación y venta de prendas de ao poi, ella es jubilada también pues fue docente por más de 25 años y ahora como no le alcanza el dinero para poder mantener a su familia, se dedica al microcomercio.
Ella espera contar con la ayuda de los inversionistas de Kiva para poder comprar más telas y elementos necesarios para la confección de sus prendas.

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
  • 136
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 3,970.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Amanecer Group's $4,050 loan helped a member to buy fabric and sewing supplies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2011
Listed
Jun 21, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011