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Py Renda Group
In this Group: Romelia , Gabriela , Maria, Sunilda , Norma , Sebastiana , Teresa , Getrudis , Valentina , Magdalena , Teodora , Niña , Estela , Lilian , Maria, Virginia , Zara , Griselda , Daili
This committee was formed by two of its members who approached the offices of the Fundación Paraguaya to learn more about the Committee of Entrepreneurial Women program. They invited their friends and neighbors to join and together they decided to form the work group in order to get ahead and improve their way of life. They are made up of 19 hardworking and modest women who have to earn a living for themselves everyday.

Romelia is a very hardworking and determined woman. She says that by selling clothes she has been able to get ahead in life and therefore help her family. She says that her dream is to have a big premises where she can supply her customers. She is requesting the loan to buy t-shirts, shirts, pants and other kinds of clothes so that she can stock up and offer her customers more choice.
View original language description ↓
Este Comité se formo a través de dos 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, ellas invitaron a sus amigas y compañeras de Barrio y decidieron sumarse al trabajo grupal para salir adelante y así mejorar sus estilos de vida. Son 19 mujeres trabajadoras y humildes que deben ganarse el sustento todos los días.
Romelia es una mujer muy trabajadora y luchadora y comenta que por medio de la venta de prendas que hace, ha podido salir adelante y de esa forma poder ayudar a su familia. Ella comenta que su sueño es poder tener un gran local donde poder abastecer a sus clientes.
Ella solicita el crédito para la compra de remeras, camisas, pantalones y demás tipo de prendas, con las cuales podrá abastecerse y tener más variedad que ofrecer a 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
  • 82
    View loans »
    Paraguay Loans Fundraising
  • $31,492,275
    Funds lent in using Kiva
  • 4,380.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Py Renda Group's $5,400 loan helped a member to buy clothes to subsequently sell on.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2012
Listed
Feb 25, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012