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Solar Group
In this Group: Matilde, Elizabeth, Liz, Elva, Sonia, Maria, Francisca, Eutaciana, Maria, Mariana, Julia, Efigenia, Blanca, Clara, Maria, Olidia, Sixta, Lourdes, Lidia*, Myrian*
* not pictured
The Comité de Mujeres Solar is made up of 20 members, all of them women from the Barrio Solar in the city of Villa Elisa. They are currently in their sixth loan cycle in the Fundación Paraguaya's program for women entrepreneurs. The group has great communication and is very unified and supportive.
One of the members is Elva. She sells silver jewelry of all sorts. She says that this work and her talent for sales have helped her improve her family's lives and cover their everyday expenses.
She is requesting a loan from the Foundation and Kiva to buy silver jewelry to meet her customers' demands.
View original language description ↓
El Comité de Mujeres Solar está formado por 20 integrantes todas del Barrio Solar de la Ciudad de Villa Elisa, actualmente se encuentran en el sexto ciclo del programa de comité de mujeres emprendedoras de la Fundación. Este grupo tiene muy buena comunicación, solidez y solidaridad.
Una de las integrantes es la señora Elva, ella se dedica a la venta de joyas de plata de todo tipo. Comenta que gracias a este trabajo y a su habilidad en las ventas ha logrado salir adelante y de este modo ayudar a su familia y cubrir los gastos diarios.
Ella solicita a la fundación y a kiva el crédito para la compra de platería con lo cual podrá seguir cumpliendo con la demanda de sus clientes.

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
  • 71
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,180.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Solar Group's $3,350 loan helped a member to buy silver jewelry to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2011
Listed
Nov 3, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012