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8 De Diciembre Group
In this Group: Rosalia, Maria , Celestina , Maria , Beatriz , Raimunda , Maria, Gregoria , Maria , Froilana , Irma , Jorgelina , Fidelina , Liliana , Elva , Arminda *, Gloria *, Mirta *
* not pictured
The 8 D. Diciembre village bank was founded by Rosalia. The group is in its second loan cycle and has received excellent ratings for its prompt payments. The president of the group was driven by the idea of helping her colleagues, and she sees that through the group they are all making great progress. The other members are delighted to remain in the group and be part of the Fundación Paraguaya's greater family.
Rosalia has been selling food products for a long time, so her business is strong and she has a solid customer base. One of her dreams is to keep growing and become a very successful businesswoman.
She is requesting the loan to buy breads, sugar, flour, oil, and other basic goods that are in high demand in a grocery store.
View original language description ↓
Este Comité denominado 8 D. Diciembre, se formo gracias a la señora Rosalia. Cabe destacar que dicho grupo esta pasando al segundo ciclo con una excelente calificación y 0 dias D. mora, la presidenta se motivo en la idea D. producir un bien para sus compañeras, dando la una visión D. que através del comité estan alcanzando un nuevo progreso a cada una. Encantadas aceptaron continuar dentro del comité y D. la gran Familia D. Fundación Paraguaya.
La señora Rosalia se dedica a las ventas, comenta que esto lo realiza hace ya un buen tiempo, por lo que le va muy bien y ya tiene una clientela bien formada. Uno D. sus sueños es poder seguir creciendo dia a dia y poder ser una gran comerciante que sobresalga.
Ella solicita el crédito para la compra D. panificados., azúcar, harina, aceite, y otros productos básicos y mas buscados dentro D. una despensa.

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
  • 60
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 4,140.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 8 De Diciembre Group's $3,150 loan helped a member to buy breads, sugar, flour, oil, and other basic goods.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 15, 2011
Listed
Nov 1, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012