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Progreso Y Desarrollo Group
In this Group: Olga, Teresa, Elizabeth , Aida , Lorena , Rosa , Pablina , Adriana , Esmelda , María , María , María , Liz , María , Asunción , Mirian , Maximina , Clara , Gricelda *, Elsida *, Fidelina *
* not pictured
In the city of Villa Elisa, 21 women got together with the desire to be part of Fundación Paraguaya's program for women entrepreneurs. Their objective in getting together has been to get ahead and in this way be able to help their families. They are very contented with the help and the training they are receiving.

One of the members is María, who tells us she is a dressmaker. She does all types of work in fabric, such as shirts, t-shirts, pants, and others. She describes herself as a very hard-working and enterprising woman who struggles to give her family the best. One of her goals is to be able to continue growing and be able to work with big companies.

She is requesting the loan to buy fabric, buttons, closures, and other necessary supplies to stock her business.
View original language description ↓
En la ciudad de Villa Elisa se unieron 21 mujeres con las ganas de formar parte del programa de mujeres emprendedoras de la fundación paraguaya. El objetivos que tuvieron para unirse ha sido salir adelante y de esa forma poder ayudar a su familia. Ellas se encuentran muy contentas con la ayuda y las capacitaciones que están recibiendo.
Una de las miembros es la señora Maria, quien nos comenta que es modista. Ella hace todo tipo de trabajos en telas, como ser camisas, remeras, pantalones y demás. Ella se define como una mujer muy trabajadora y emprendedora que lucha por darle lo mejor a su familia. Una de sus metas es poder seguir creciendo y poder trabajar con grandes empresas.
Ella solicita el crédito para la compra de telas, hilos, botones, cierres y demás insumos necesarios para surtir su negocio.

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
  • 48
    View loans »
    Paraguay Loans Fundraising
  • $29,035,975
    Funds lent in using Kiva
  • 4,440.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Progreso Y Desarrollo Group's $3,050 loan helped a member to buy fabric, thread, buttons, closures, and other supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2011
Listed
Dec 22, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012