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Renacer Group
In this Group: Juana, Edid, Andresa, Fermina, Valentina, Dolores, Esmilce, Emiliana, Miguela, Sofia, Bonifacia, Fatima, Maria*, Silvia*, Lorenza*
* not pictured
Fifteen women met at the regional office of the Fundación Paraguaya of the city of Paraguarí to learn about the entrepreneurial women's program, and since the idea pleased them they decided to organize themselves and thus the committee came about. It has as its name Renacer [Rebirth], since the group was reborn upon leaving behind problems which were generated in the group at a particular moment, but thanks to their group-mindedness they were able to overcome it. They have committed themselves to keeping the group together and working together with shared responsibility.

One of the members is Ms. Emiliana who owns a well-equipped hair salon. She comments that she has a well-formed customer base which helps her keep up her business. She says that men as well as women come to her and they always come back owing to her good work.

She is seeking the loan for the purchase of shampoo, hair dyes, conditioners, makeup, and other items, which are the supplies required by her business. She thanks the foundation for this opportunity for progress that she has.
View original language description ↓
15 mujeres se reunieron en la oficina regional de fundación paraguaya de la ciudad de Paraguarí para informarse acerca del programa de mujeres emprendedoras, y ya que les gustó la idea decidieron organizarse y de allí surge el comité que lleva por nombre Renacer, debido a que el grupo renació al dejar atrás problemas que se generaron en el grupo en un momento dado pero gracias a la unidad del mismo pudieron superarlo, ellas se han comprometido en mantener unido el grupo y trabajar con responsabilidad mutua.
Una de las integrantes es la señora Emiliana, la cual tiene una peluquería bien equipada. Comenta que tiene una clientela bien formada, lo que la ayuda a mantener su negocio. Dice que tanto hombres como mujeres van junto a ella y siempre vuelven debido a su buen trabajo.
Ella solicita el crédito para la compra de shampoo, tintes, enjuagues, maquillajes y otros, los cuales son los insumos necesarios para su negocio. Agradece a la fundación por esta oportunidad de progreso que tiene.

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
  • 4,170.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Renacer Group's $3,550 loan helped a member to purchase shampoo, hair dyes, conditioners, makeup and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2011
Listed
Nov 2, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012