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Paz Y Alegria Group
In this Group: Bernardina *, Vidalina *, Antonia , Pablina , Florentina , Justina , Teresa , Elsa , Mercedes , Mirian , Marilda , Teodora , Nelida , Maria , Agustina , Juana, Margarita
* not pictured
The communal bank Peace and Happines is from the city of Coronel Oviedo, it is comprised of 17 hardworking and humble women who earn their living everyday. They are independent in their respective jobs but work together to help each other.

Bernardina is the president of the group and says that she always tries to motivate her fellow members to go after their goals and dreams so that they won’t give up. She sells chipa (a type of bread made with yucca starch and cheese) and does very well since it is eaten all the time, rain or shine.

Bernardina needs the loan to buy chipas, since she wants to continue her sales because thanks to them she has been able to help her family and meet their day to day expenses.
View original language description ↓
El comité Paz y Alegría es de la ciudad de Coronel Oviedo, son 17 mujeres trabajadoras y humildes que deben ganarse el sustento todos los días. Ellas son independientes en sus labores, pero también trabajan juntas para poder ayudarse.
Bernardina es la presidenta del grupo, ella comenta que siempre trata de incentivar a sus compañeras a luchar por sus metas y sus sueños, para que no se den por vencidas. Ella se dedica a la venta de chipa, en lo que le va muy bien, ya que siempre es muy consumido en todo tiempo, haga frio o calor.
Ella solicita el crédito para la compra de chipas, ya que quiere seguir con sus ventas porque gracias a ellas ha podido ayudar a su familia y cubrir los gastos del día a día.

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
  • 69
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,570.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Paz Y Alegria Group's $2,400 loan helped a member buy chipas to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2012
Listed
Jun 24, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2012