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Comité San Isidro Group
In this Group: Mary, Gldys, Benita*, Andrea, Liz*, Laura, Margarita*, Victorina, Hilda, Raquel, Reimunda, Maria, Gudelia, Maria, Ursulina
* not pictured
The committee is composed of 15 working women who as a whole are dedicated to the making and selling of Chipas, a local Paraguayan snack. Benita V. was essentially the founder of the group of women and it was in her home that they held the first meetings of the committee.



Of the fifteen women, thirteen are Chipa venders; one owns a meat shop, and the other sells clothes. They are all from the General Díaz neighborhood in the city of Caacupé. One of the great qualities of this committee is their interest in fulfilling the norms and regulations of the program of women entrepreneurs. This is demonstrated through their payment of their monthly loan installments. Also, every weekend they come together and sell their goods at a fair where there is food, raffles, and sports tournaments, among other activities.



The women have received some money to help increase their production and sales. The committee has the great objective of saving enough money together in order to buy play equipment for their children and the children of the community. Their only area for recreation was shut down and they hope to establish swings, slides and some other toys to give their children a place to go to play.



This bright, hardworking group of women entrepreneurs is asking for a loan together to help their businesses grow and flourish. They are mothers who are trying to keep their children in school and who only want to give them a better life. They have long term goals, and even hope to soon give back to the community by establishing a park for children to play. They have created a support group where they rely on one another to make their weekly loan payments. The loan they will receive will be used to buy Chipa ingredients, meat and clothing to sell.

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
  • 46
    View loans »
    Paraguay Loans Fundraising
  • $29,515,900
    Funds lent in using Kiva
  • 4,706.7
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Comité San Isidro Group's $3,200 loan helped a member most of the women will use the money to buy the materials to make Chipas, a local Paraguayan bread delicacy, which in comprised of starch, cheese, flour and vegetable oil. Other women will purchase clothes to sell like shorts, blouses, and shirts, for men women, and children and meat to sell in their butcher shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 8, 2008
Listed
Jan 24, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 25, 2008