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Gloria's Group
In this Group: Gloria, Inocencia, Miguelina, Silvia, Dominga, Maria, Leopoldina, Zulma*, Cynthia, Maria, Norma*, Matilde*, Lucia, Maria, Fidelina, Carmen
* not pictured
This dedicated group of seventeen businesswomen has taken on the name “The Star of the South.” The star represents the importance of the group as a guide star for the women who are trying to improve their businesses and the lives of their families. These women all have separate businesses dedicated to the sales or the making of food and other goods, some sell recyclable goods like plastic, aluminum, and cardboard.


These women have the common goal of not only increasing their businesses, but to also provide the best opportunities for their children. By increasing their businesses they will have the savings to send their children to school and give them opportunities that they themselves were unable to have.



With this loan, the women will buy goods they need to sell including fruits, vegetables, recyclable materials and ingredients to make and sell Chipas, a favorite Paraguayan snack.

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
  • 59
    View loans »
    Paraguay Loans Fundraising
  • $27,639,125
    Funds lent in using Kiva
  • 4,695.2
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Gloria's Group's $2,500 loan helped a member to buy recyclable materials like cardboard, plastic, aluminum, and other types of metal. The ingredients to make and sell Chipas, along with oranges, bananas, pineapples, melons, watermelon, apples, various refreshments. Other merchandise includes cosmetics, linen, and thread.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 18, 2008
Listed
Feb 3, 2008
Currency Exchange Loss:
Covered
Ended:
May 4, 2008