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Tecoporave Rekavo Group
In this Group: Gloria Elizabeth, Sandra, Maria, Maria, Cynthia, Maria, Maria, Maria, Zulma, Francisca, Mirian, Gladys, Patricia
In the city of Asunción, 13 friends and neighbours from the city join forces, from which is born the communal bank called Tecoporave Rekavo. Tecoporave Rekavo is currently in its 4th cycle of the program run by Fundación Paraguaya for enterprising women. They joined forces for the purpose of generating income for their families. In addition, they also see it as an opportunity for growth, not only in the economic sense but also at the personal level.

Mrs Maria sells food. She herself says that she has a very good client base which generates a very good income. She says that a lot of people like the food she prepares, as it is very tasty. One of her dreams is to own a diner where more people can enjoy the food she prepares.

She is asking for a loan to buy meat, seasonings, dairy products, bakery items and other such necessary items to produce the food she makes.
View original language description ↓
En la ciudad de Asunción, 13 amigas y vecinas de esa ciudad se unen, de lo que surge el comité denominado Tecoporave Rekavo, el cual se encuentra en el cuarto ciclo del programa de mujeres emprendedoras de la Fundación Paraguaya. Ellas se unieron con el propósito de generar ingresos para sus familias, además de eso ven en esto una oportunidad de crecimiento, no solo en el sentido económico, sino también en lo personas.
La señora Maria se dedica a la venta de comestibles, según comentarios de la misma tiene muy buena clientela, lo cual le genera muy buenos ingresos. Dice que muchas personas gustan de las comidas que ella prepara, ya que tiene muy rica sazón. Uno de sus sueños es tener un comedor, donde pueda deleitar a más personas con los alimentos que prepara.
Solicita el crédito para la compra de carne, condimentos, lácteos, panificados y otros insumos necesarios para la elaboración de los alimentos que prepara.

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
  • 75
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 3,860.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Tecoporave Rekavo Group's $3,450 loan helped a member to buy meat, dairy products and bakery items used to prepare the food she make.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 21, 2011
Listed
Sep 4, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011