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El Progreso Group
In this Group: Amalia, Estela , Liz , Nusmidia , Rocio , Nimia , Diana , Esmilda , Nilsa , Delia , Victoria
The El Progreso communal bank is in the city of Santaní and consists of 11 very hard-working women with desires to move forward. These women are the heads of their households and fight every day for their children and families.

Victoria is one of the group's members. She makes a living through abundant sales of all types of products such as sheets, blankets, covers and other items. She is an enterprising woman with a resilient spirit, and this is why she never gets tired of working.

She is requesting this loan to buy sheets, blankets, comforters and other items that she can sell. She is thankful for the help that she and her friends are receiving.
View original language description ↓
El comité “El Progreso” es de la ciudad de Santaní, ellas son 11 mujeres muy trabajadoras y con ganas de salir adelante. Ellas son mujeres jefas de familia que día a día luchan por sus hijos ya sus familias.
Victoria es una de las miembros del grupo, ella se dedica a la venta ambulante de todo tipo de productos, como ser sabanas, frazadas, fundas y demás tipos. Ella es una persona muy emprendedora y con un gran espíritu de superación, ya que por ello no se cansa de trabajar.
Solicita el crédito para la compra de sabanas, frazadas, edredones y demás insumos para poder vender. Agradece por la ayuda que ellas y sus amigas están recibiendo.

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
  • 92
    View loans »
    Paraguay Loans Fundraising
  • $31,392,000
    Funds lent in using Kiva
  • 4,290.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of El Progreso Group's $2,725 loan helped a member comprar sabanas, frazadas, edredones, etc. to buy sheets, blankets, comforters, etc.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 18, 2012
Listed
May 29, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013