Check out some available loans that are similar to this one!
Nuevo Horizonte Group
In this Group: Maria Teodora, Nancy , Mariela , Isabel , Clara , Margarita , Maria , Maria , Teresa , Maria , Mirtha , Alma , Maria , Magdalena , Lidia *, Teresa *, Liz *
* not pictured
Seventeen women from the city of Paraguarí have come together with the purpose of working together and through this work to help their families and in this way to have a different lifestyle. They are currently in their first cycle of the program for women entrepreneurs, and they are learning to function as a team working together.

Magdalena is a seamstress. She says that she has been in this work for quite some time. She comments that she has very good customers because her work is very good at a low price. She is known as a hard working and enterprising woman who fights to give her family all the best from day to day.

She is asking for a loan in order to buy fabric, thread, elastic, zippers and other necessary supplies in order to continue working and fulfilling the orders that she has.
View original language description ↓
17 mujeres de la ciudad de Paraguarí se han unido con el propósito de trabajar juntas y por medio de ese trabajo poder ayudar a sus familias y de esa forma tener un estilo de vida distinto. Ellas actualmente se encuentran en el primer ciclo del programa de mujeres emprendedoras, están aprendiendo a trabajar en equipo y a trabajar juntas.
Magdalena es costurera, ella comenta que trabaja en esto hace ya un buen tiempo. Comenta que ya tiene muy buena clientela debido a que sus trabajos son muy buenos y a bajo costo. Ella se define como una persona muy trabajadora y emprendedora, quien lucha por darle a su familia todo lo mejor del día a día.
Ella solicita el crédito para la compra de telas, hilos, gomas, cierres y demás insumos necesarios para poder seguir trabajando y haciendo los pedidos que tiene.

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
  • 18
    View loans »
    Paraguay Loans Fundraising
  • $29,405,000
    Funds lent in using Kiva
  • 4,620.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Horizonte Group's $4,200 loan helped a member to buy fabric, thread, elastic, zippers and other supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 27, 2011
Listed
Jan 30, 2012
Currency Exchange Loss:
Covered
Ended:
May 16, 2012