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Ramona's Group
In this Group: Ramona, Analia*, Ursulina*, Ignacia, Mirian, Carmen, Augustina, Maria, Sergia, Elba, Mari, Celestina, Johana, Maria
* not pictured
In the city of Carapeguá, in the neighborhood of San José, there is a group of women who meet on a weekly basis to discuss their problem of a shortage of resources along with ways in which to improve their small businesses. They have founded a program, the Committee of Woman Entrepreneurs to discuss their businesses. They are all looking for support and to better their quality of life of their families. In some cases they have even created more jobs for other people.

These women have been meeting for a couple of months now to discuss business plans and strategies. They thank the micro credit organizations that have made their business growth possible. These women are dependent on loans to increase the size of their businesses and become self sufficient. This group of individuals has created a system of checks on their payments. They rely on one another in order to make payments and come to meetings. They trust each other because they understand each other. Each woman is only trying to better her life and the life of her family.

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
  • 57
    View loans »
    Paraguay Loans Fundraising
  • $33,516,125
    Funds lent in using Kiva
  • 4,639.2
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Ramona's Group's $1,700 loan helped a member the majority of the women involved in the committee have invested their loans to buy goods for their businesses: linens, thread for sewing and embroidery. Others buy clothes to sell as traveling saleswomen.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Feb 11, 2008
Jan 27, 2008
Currency Exchange Loss:
Apr 28, 2008