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Py Renda Group
In this Group: Romelia, Gabriela , Daili , Sunilda , Maria, Norma , Sebastiana , Perla , Teresa , Getrudis , Valentina , Magdalena , Teodora , Niña , Estela
This committee was created through Ms. Romelia, who had approached the Office of the Fundación Paraguaya in order to familiarize herself with the Entrepreneurial Women's Committee Program. She invited her friends and companions from the neighborhood and they decided to join the group effort to get ahead and so improve their lifestyle. They are comprised of 15 hardworking and humble women who must earn a living every day.

Ms. Romelia devotes herself to selling supplies. There she sells all manner of items such as sneakers, clothing, perfumes and other things. Since her business is well-stocked it attracts many customers, which consequently brings her a good income. She wishes to be able to keep her business going and so she is seeking the loan. She wants to buy sneakers, clothing, perfumes and other items.

She thanks Kiva and the foundation for the opportunity they afford her, since it is a great chance to keep growing.
View original language description ↓
Este Comité se formo a través D. la Sra. Romelia, quien se había acercado hasta la Oficina D. la Fundación Paraguaya para interiorizarse más al respecto del Programa Comité D. Mujeres Emprendedoras, la misma invito a sus amigas y compañeras del Barrio y decidieron sumarse al trabajo grupal para salir adelante y así mejorar su estilo D. vida, son 15 mujeres trabajadoras y humildes que deben ganarse el sustento todos los días.
La señora Romelia se dedica a la venta D. mercería, allí venD. todo tipo D. artículos, como zapatillas, perfumes, artículos para regalos y demás. Ya que su negocio está muy bien surtido atrae a muchos clientes, lo cual consecuentemente le trae buenos ingresos. Desea poder seguir abasteciendo su negocio por lo que solicita el crédito, ya que quiere comprar zapatillas, perfumes, artículos para regalos y otros.
Agradece a kiva y a la fundación por la oportunidad que estas le dan, pues es una gran oportunidad D. seguir creciendo.

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
  • 58
    View loans »
    Paraguay Loans Fundraising
  • $27,639,125
    Funds lent in using Kiva
  • 4,170.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Py Renda Group's $3,375 loan helped a member to purchase sneakers, perfumes, gift items, and more.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2011
Listed
Nov 3, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012