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Genesis Group
In this Group: Gladys Ester, Aida, Deisy, Lilian, Raquel, Bernarda, Paola, Sandra, Rosa, Miryan, Juana
The communal bank called "Genesis" is made up of 11 women from this area. They meet with the objective of getting higher incomes and benefits, not only for themselves, but also for their families. They are in their first loan cycle in the program, but they would like to be able to grow their businesses each day. Rosa has had a business selling jewelry for a good while now, and she comments that she has a lot of customers who always request a certain type of jewelry. She says that this business generates good earnings, and so she would like to be able to continue with it. One of her dreams is to be able to have a jewelry store where she could offer her varied products for sale.

She requests a loan to buy bracelets, chains, rings and other pieces of jewelry, with which she will be able to continue to grow her business and offer a greater variety of products to her customers. She thanks the Fundación for this opportunity, because getting this loan will help her a lot.
View original language description ↓
El comité denominado Génesis, es del Chaco, está integrado por 11 mujeres de esa zona. Ellas se unieron con el propósito de procurar mayores ingresos y beneficios, no solo para ellas sino también para sus familiares. Se encuentran en el primer ciclo del programa, pero les gustaría ir poder creciendo día a día.
La señora Rosa se dedica a la venta de joyas hace ya un buen tiempo, comenta que tiene muchos clientes los cuales siempre le piden cierto tipo de joyas. Dice que esto le genera muy buenos ingresos por lo que le gustaría poder seguir en el negocio. Uno de sus sueños es poder tener una joyería donde pueda ofrecer la variedad de productos que tiene.
Ella solicita el crédito para la compra de pulseras, cadenas, anillos y otros, con lo cual podrá seguir creciendo y ofrecer más variedad a sus clientes. Agradece a la Fundación por la oportunidad que esta le da, pues de obtener el crédito le será de mucha ayuda.

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
  • 27
    View loans »
    Paraguay Loans Fundraising
  • $28,082,175
    Funds lent in using Kiva
  • 3,890.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Genesis Group's $1,575 loan helped a member to buy rings, bracelets, chains and other pieces of jewelry.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2011
Listed
Oct 3, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012