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8 De Diciembre Group
In this Group: Carmen, Ramona , Alejandra , Elisa , Cinthia , Maria , Nelida , Viviana , Maria , Victoria , Angelica , Martina , Viviana , Carolina *, Graciela *
* not pictured
The “8 de Diciembre” Committee was formed thanks to the entrepreneurial spirit that moves them every work day. The members are already involved in productive activities and each runs her own small company. They use their loan to strengthen and add variety to the things they are already doing.

Ramona is one of these ladies. She’s a hardworking woman who puts forth a great effort to help her family. She says that she sells various brands of cosmetics and has very good customers. This has helped her to support her household.

She is asking for this loan to buy various types of cosmetics so that she can offer a greater variety to her customers.
View original language description ↓
El comité “8 de Diciembre”se formó gracias al espíritu emprendedor que las mueve para cada jornada laboral , sus integrantes ya realizan una actividad productiva, por lo que ya se desenvuelven cada una en su propia microempresa, utilizan su crédito para fomentar y variar la actividad que ya estan realizando.
Una de estas mujeres es la señora Ramona, que es una persona muy trabajadora y luchadora, que se esfuerza para poder ayudar a su familia. Comenta que se dedica a la venta de variadas marcas de cosméticos, donde ya tiene muy buena clientela, lo que la ha ayudado a mantener su casa.
Ella solicita el crédito para la compra de cosméticos de variadas clases, con lo cual podrá tener más variedad que ofrecer a sus clientas.

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
  • 137
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,320.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 8 De Diciembre Group's $3,225 loan helped a member to buy inventory.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2012
Listed
Feb 27, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012