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Ramona's Group
In this Group: Ramona, Arminda, Sonia, Feliciana, Mirtha, Juliana, Eulalia, Rosalina*, Albina, Angelina, Perla, Vanessa, Rosa, Atanacia, Fatima, Clara
* not pictured
Together a large group of women has come together to support each other in their work towards increasing their incomes. They meet a few times a week to pay their loans back and discuss good business practices.



They are asking for a loan today to help their various businesses expand. Everything from food making, to clothes sales, to small grocery stores. These women are doing whatever they can in order to support their families and secure the best future for their children.

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
  • 42
    View loans »
    Paraguay Loans Fundraising
  • $29,537,050
    Funds lent in using Kiva
  • 4,681.2
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Ramona's Group's $1,650 loan helped a member the money will be used to amplify each woman’s business and will go towards the purchase of things like milk, sugar, eggs, meats, dairy products, breads, clothing, and cleaning products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 1, 2008
Listed
Feb 15, 2008
Currency Exchange Loss:
Covered
Ended:
May 18, 2008