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Las Gaviotas Group
In this Group: Rumilda Raquel , Clara , Liz , Dani , Myrian , Ana , Gilda , Sonia , Fulvia , Arsenia , Victorina , Susana , Fátima , Fátima , Angelina , Fátima , Asunción , María
The “Las Gaviotas” ["The Gulls"] communal bank is in its fourth cycle with the Fundación Paraguaya's Female Entrepreneurs program. There are 18 members, all from the city of Asunción. They each have profitable businesses and are very proud of them.
Maria sells jeans. She tells us that she always has good sales because she always has a great variety of jeans and therefore many customers, some of whom make orders. Thanks to her hard work and her gift for making sales, she has been able to continue expanding her business and obtaining the means to help her family with their daily costs of living.
She is requesting a loan for the purchase of jeans. With this purchase, she will be able to continue selling and attracting more customers. She and her group are happy to have this help from the Fundación and from Kiva.
View original language description ↓
El comité “Las Gaviotas” se encuentra en el cuarto ciclo del programa de Mujeres Emprendedoras de la Fundación Paraguaya, tiene 18 integrantes, de la ciudad de Asunción, todas las integrantes ya realizan actividades productivas y están muy orgullosas de ello.
Maria vende jeans, y nos comenta que siempre tiene buena venta ya que siempre tiene muy variadas clases, por esto ya tiene muchas clientas y clientes que le hacen pedidos. Gracias a su arduo trabajo y a su habilidad para las ventas ha podido ir creciendo y de esa forma obteniendo los medios para poder ayudar a su familia con los gastos del día a día.
Ella solicita el crédito para la compra de jeans, con lo cual podrá seguir vendiendo y atrayendo a más clientes. Ella y su grupo están contentas por la ayuda que están recibiendo por parte de la fundación y de Kiva.

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
  • 69
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 4,250.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Gaviotas Group's $3,650 loan helped a member to buy jeans for sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2012
Listed
Mar 23, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012