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El Progreso Group
In this Group: Maxima, Marizza , Lorenza , Rogelia , Julia , Aureliana , Hermelinda , Maura , Saturnina , Liduvina , Rafaela , Adelina , Antonia , Elsa , Hermelinda , Claudelina , Yeni *, Liz *
* not pictured
18 women from the city of Caaguazú, all of them enterprising and hardworking, heard about the program for Women Entrepreneurs of the Fundacion Paraguay and decided to get together and form their own group. They want to improve their living conditions by working together. One of those enterprising women is Señora Maura who sells chickens. She says that this has been her work for a long time. What makes her proud of what she does is that it is honest work and she is also doing very well. She is asking for a loan to buy chickens and subsequently resell them, as she always has a lot of customers and she wants to meet their demands. She is grateful to the Fundacion for the opportunity given her.
View original language description ↓
18 mujeres de la ciudad de Caaguazú, todas ellas muy luchadoras y trabajadoras oyeron hablar del programa de mujeres emprendedoras de la fundación paraguaya y decidieron agruparse y formar su grupo. Ellas quieren que por medio del trabajo en conjunto puedan mejorar sus condiciones de vida.
Una de esas mujeres luchadoras es la señora Maura, quien se dedica a la venta de gallinas, ella comenta que este ha sido su trabajo por mucho tiempo, que le enorgullece lo que hace porque es muy honrado y porque además de eso me va muy bien.
Ella solicita el crédito para la compra de gallinas y después revenderlas, pues siempre tiene mucha clientela y quiere cumplir con ellas. Agradece a la fundación por la oportunidad que esta le está dando.

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
  • 66
    View loans »
    Paraguay Loans Fundraising
  • $29,035,975
    Funds lent in using Kiva
  • 4,280.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of El Progreso Group's $2,225 loan helped a member to buy chickens for subsequent resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2011
Listed
Nov 20, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012