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Renacer Group
In this Group: Juana, Edid , Andresa , Fermina , Valentina , Maria , Esmilce , Emiliana , Sofia , Bonifacia , Fatima , Silvia , Maria , Buenaventura , Francisca , Isidora *, Mirian *
* not pictured
This group is called ‘Renacer’ [‘to be reborn’] because it is a group that was reborn after it broke up. The members are committed to maintaining the unity of the group and to always working within a framework of respect. They are currently in their fifth loan cycle and have an excellent rating. The group is made up of 17 women who invest in their economic activities with the goal of achieving a better standard of living for their families.

One of the members is Edid, who makes a living selling all kinds of clothing. She has managed to get ahead with her business and to offer her family the comfort that it needs. She is a very enterprising and hardworking woman who always goes the extra mile to help her family. Her goal is to have a shop where she can provide more convenience for her customers.

Edid is asking for a loan to purchase clothing so she can stock up and thus be able to get ahead. She is grateful to the Foundation for the opportunity it is providing.
View original language description ↓
El grupo lleva por nombre Renacer, por ser un grupo que renació después de haberse desintegrado, ellas han asumido el compromiso de mantener unido el grupo, trabajando siempre bajo un marco de respeto. Ellas actualmente se encuentran en el quinto ciclo con calificación excelente, integrada por 17 mujeres que invierten en sus actividades con el fín de alcanzar un mejor nivel de vida para toda la familia.
Una de las miembros es la sra. Edid, quien se dedica a la venta de prendas de toda clase, con lo cual ha logrado salir adelante y ofrecer la comodidad que necesita su familia. Ella es una mujer muy emprendedora y trabajadora que siempre se esfuerza al máximo para poder ayudar a su familia. Su meta es poder tener una tienda donde poder ofrecer a sus clientes una mayor comodidad.
Ella solicita el crédito para la compra de prendas, con las cuales podrá abastecerse y de esa forma poder salir adelante. Agradece a la fundación por la oportunidad que está recibiendo.

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
  • 47
    View loans »
    Paraguay Loans Fundraising
  • $28,281,075
    Funds lent in using Kiva
  • 4,500.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Renacer Group's $3,575 loan helped a member to purchase clothing to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2012
Listed
Feb 20, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012