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12 De Junio Group
In this Group: Herminia, Zulma , Miryan , Rosa , Claudia , Victorina , Marcelina , Guiselda , Lilian , Gasparina , Marisa , Maria, Dionicia , Magdalena , Maria, Porfiria
This community bank formed thanks to one of its members, who approached the offices of Fundación Paraguaya for more information about the community bank program for enterprising women. She then invited her friends and neighbors, and they decided to collaborate as a group in order to get ahead and thereby improve their way of life. They are sixteen hardworking, humble women who must earn their living every day. They work independently in their efforts, but also do group activities to cement their camaraderie.

One of the group's members is Herminia. She tells us that she has a small store, and with much sacrifice and effort she can get ahead. Thanks to the hard work and determination she puts into her business, she is able to earn the money necessary to help her family and maintain her home. Her goal is to continue growing and in this way become a great storekeeper.

Herminia is asking for help from Fundación Paraguaya and Kiva to buy drinks, meat, sausage, vegetables and other basic foodstuffs, with which to supply her business.
View original language description ↓
Este Comité se formo a través una de las miembros, quienes se habían acercado hasta la Oficina de la Fundación Paraguaya para interiorizarse más al respecto del Programa Comité de Mujeres Emprendedoras, la misma invito a sus amigas y compañeras del Barrio y decidieron sumarse al trabajo grupal para salir adelante y así mejorar su estilo de vida, son 16 mujeres trabajadoras y humildes que deben ganarse el sustento todos los días. Ellas son independientes en sus labores, pero también realizan actividades en conjunto para fomentar su compañerismo.
Una de las integrantes es la señora Herminia, quien nos comenta que tiene una pequeña despensa que con mucho sacrificio y esfuerzo puedo sacar adelante. Gracias a su arduo trabajo y al empeño que pone en su negocio puede tener el dinero necesario para ayudar a su familia y mantener su hogar. Su meta es poder seguir creciendo y de esa forma poder ser una gran comerciante.
Ella pide la ayuda de la fundación y de kiva para la compra de bebidas, carne, embutidos, verduras y demás insumos de primera necesidad para poder surtir su local.

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
  • $29,459,275
    Funds lent in using Kiva
  • 4,490.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 12 De Junio Group's $3,775 loan helped a member to buy beverages, meat, sausage, vegetables and other supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2011
Listed
Jan 9, 2012
Currency Exchange Loss:
Covered
Ended:
May 15, 2012