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El Progreso Group
In this Group: Miguela, Ramona, Salvadora , Alodia , Marta , Sebastiana , Uvalda , Isabel , Liliana , Maria
The El Progreso Communal Bank was formed through Miguela's initiative. All of the women are from the city of Curuguaty. They are currently in their third loan cycle with ten members, all of whom work in an atmosphere of help and respect.

Miguela is the president of the bank and she tells us that all the members are getting ahead through great effort and that they all want to grow through their work. She sells secondhand clothing for a living, which goes very well for her because she has a good clientele and because her sales have increased greatly.

She is asking for this loan to buy secondhand clothing, with which she will be able to keep working and offering her customers variety.
View original language description ↓
El comité “El Progreso, se conformo con la iniciativa de la señora Miguela, todas ellas son de la ciudad de Curuguaty. Actualmente se encuentran en el tercer ciclo, con diez integrantes, donde todas ellas trabajan dentro de un marco de ayuda y respeto.
Miguela es la presidenta del grupo, y cuenta que ellas con mucho sacrificio están pudiendo salir adelante y desean crecer por medio de su trabajo. Ella se dedica a la venta de ropas de segunda mano, en lo que le va muy bien porque tiene buena clientela porque sus ventas han aumentado mucho.
Solicita el crédito para la compra de prendas de segunda mano, con lo cual podrá seguir trabajando y ofreciendo variedad a sus clientes.

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
  • 50
    View loans »
    Paraguay Loans Fundraising
  • $28,602,050
    Funds lent in using Kiva
  • 4,500.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of El Progreso Group's $1,250 loan helped a member to buy secondhand clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2012
Listed
Jul 15, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013