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Yvoty Group
In this Group: Adriana , Maria , Sonia , Bernardina , Lidia , Evelia , Nimia , Eugenia , Zulma , Diana , Marcia , Clara , Rossana , Rosarina *
* not pictured
The women who belong to this committee are from the city of Caacupé. They are in their third loan cycle within Fundación Paraguaya's "Entrepreneurial Women's Program". The group has 14 members and work and mutual help are the most important things to them.

Adriana is the group's president and she tells us that her business is selling charcoal. Her business is doing very well thanks to the fact that charcoal is very popular right now because gas is very expensive. Thanks to her work, Adriana is able to help her family and give them what they need in order to live a better life. She is requesting this loan to buy charcoal which will help her to stock up and have more produce available.

All the members of this committee are very grateful to Fundación Paraguaya and Kiva for their support which enables them to improve their financial situation as a group.
View original language description ↓
Las mujeres del presente comité son de la ciudad de Caacupé. Ellas se encuentran en el tercer ciclo del programa de mujeres emprendedoras de la fundación paraguaya, el grupo tiene 14 integrantes, donde el trabajo es lo esencial y también la ayuda mutua.
Adriana es la presidenta del grupo, y ella nos comenta que se dedica a la venta de carbón, en lo cual le va muy bien, debido a que últimamente este es muy utilizado ya que el gas está muy caro. Gracias a este trabajo ella puede ayudar a su familia y darles lo que necesitan para una mejor vida. Ella solicita el crédito para la compra de carbón, lo cual le ayudara a poder abastecerse y de esa forma poder tener más en stock.
Todas las integrantes del comité están muy agradecidas con la Fundación Paraguaya y kiva por el valioso apoyo que les brinda para poder mejorar sus condiciones financieras en la sociedad.

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
  • 91
    View loans »
    Paraguay Loans Fundraising
  • $30,930,425
    Funds lent in using Kiva
  • 4,280.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Yvoty Group's $2,825 loan helped a member to buy charcoal to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2012
Listed
Mar 26, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012