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El Progreso Group
In this Group: Alba Rosa, Denice , Carolina , Laura , Barbara , Maria , Mercedes , Nilda , Ursulina , Andrea , Santa
These 11 women from Chaco joined together in order to help each other, and they all share the desire to succeed by working together. They are in the first cycle of the foundation's women entrepreneurs program, and their goal is to reach the highest level of the program.

One of these entrepreneurial women is Denice, who sells jewelry. She says that sales have been very good and she has formed a good base of customers who always buy her products, giving her a very good income. She dreams to someday own a small jewelry store where she can offer their products.

The women have asked for help from the foundation and Kiva so that they can purchase of jewelry, such as rings, chains, bracelets and other types, which will replenish their stock and meet customer demand.
View original language description ↓
11 mujeres del Chaco se han unido con el propósito de ayudarse las unas con las otras, ellas tienen el deseo de sobresalir por medio del trabajo en conjunto. Ellas se encuentran en el primer ciclo del programa de mujeres emprendedoras de la fundación y su meta es poder llegar al nivel máximo del mismo.
Una de estas mujeres trabajadoras es la señora Denice, quien se dedica a la venta de joyas. Ella nos comenta que tiene muy buena venta, ya que ya ha logrado formarse una buena clientela que siempre compran de ella, lo cual le trae muy buen ingreso. Ella sueña con poder tener, algún día, una pequeña joyería donde ofrecer sus productos.
Ellas pide la ayuda de la fundación y de kiva para la compra de joyas, como ser anillos, cadenas, pulseras y demás tipos, con los cuales podrá abastecerse y cumplir con sus clientes.

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
  • 83
    View loans »
    Paraguay Loans Fundraising
  • $30,772,800
    Funds lent in using Kiva
  • 4,325.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of El Progreso Group's $1,425 loan helped a member to purchase rings, chains, bracelets and other types of jewelry.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2011
Listed
Dec 24, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012