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La Union Group
In this Group: Isabel , Lidia , Catalina , Patrocinia , Nimia , Ana , Deoliria , Luisa , Maria , Maria *
* not pictured
This communal bank is formed by 10 member from the city of Encarnación. The communal bank is trying to promote teamwork. As they have only worked together for a few months they meet every week to share, communicate and take in the new changes within the group.

One of their members is Catalina. She tells us that she has a well stocked store, where her neighbours and people from nearby areas come to buy. She is a hard working and enterprising woman who has desires to progress and a great enterprising spirit. Her goal is to continue extending her store and in this way to progress as a micro businesswoman.

She is requesting a loan to buy foodstuffs, drinks, dairy products and other supplies, which will stock her store and give her a good range of products to offer.
View original language description ↓
El comité está compuesto por 10 integrantes de la ciudad de Encarnación. El comité está tratando de promover su trabajo grupal, ya que son pocos los meses que trabajan juntas, se reúnen cada semana para compartir, comunicar e interiorizarse de las novedades que se generan dentro del grupo.
Una de las miembros es catalina, y ella nos comenta que tiene una despensa bien surtida, de donde compran sus vecinos y personas de zonas aledañas. Es una persona muy trabajadora y emprendedora, y tiene muchas ganas de progreso y un gran espíritu emprendedor. Su meta es seguir agrandandando su local, y de esa forma ir progresando como microempresario.
Ella solicita el crédito para la compra de comestibles, bebidas, lateos y demás insumos, con los cuales podrá abastcerse y de esa forma tener bien surtida su despensa.

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
  • 102
    View loans »
    Paraguay Loans Fundraising
  • $30,964,775
    Funds lent in using Kiva
  • 4,250.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Union Group's $1,250 loan helped a member comprar insumos para la despensa. to buy supplies for her.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2012
Listed
Mar 22, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012