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La Paz Group
In this Group: Elizabeth, Daisy , Juana , Luciana , Nilsa , Pricilia , Margarita , Nidia , Lilian , Sonia , Carmelia , Gregoria , Emilia , Graciela , Rosana , Jorgelina , Nilda
The group "La Paz" came about as the result of a number of neighbors in Cuidad del Este getting together. They are very hardworking women who have a strong desire to get ahead. At this time, the group has 17 members who are in their 10th loan cycle in the Enterprising Women program of Fundación Paraguaya. They are all working together so that they can get ahead.

One of the members is Juana, who has a business selling food. She tells us that thanks to her work she has been able to support her family and provide them with assistance. She comments that thanks to the good flavor of her food she has been able to establish a good customer base, and in this way, get ahead. She requests a loan to buy meat, bread products, vegetables and other supplies that she needs in order to make the food that she sells. She thanks the Fundacion for giving her this opportunity.
View original language description ↓
La Paz surgió gracias a la unión de varias vecinas de Ciudad del Este, ellas son mujeres muy trabajadoras y con muchas ganas de salir adelante. Actualmente el grupo se encuentra con 17 integrantes, quienes están en el décimo ciclo del programa de mujeres emprendedoras de la fundación paraguaya. Todas ellas trabajan juntas para poder salir adelante.
Una de las miembros es la señora Juana, quien se dedica a la venta de comestibles. Nos cuenta que gracias a su trabajo ella ha podido mantener a su familia y ayudarlos. Comenta que gracias a la buena sazón que tiene ha podido formarse una buena clientela y de esa forma salir adelante.
Ella solicita el crédito para la compra de carnes, panificados, hortalizas y demás insumos necesarios para la elaboración de los alimentos que vende. agradece a la fundación por la oportunidad que esta le da.

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
  • 74
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,435.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Paz Group's $3,975 loan helped a member to buy meat, bread products, vegetables and other supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2011
Listed
Dec 18, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012