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La Amistad Group
In this Group: Agustina, Mercedes, Norma, Maria Ramona, Maida, Zunilda, Juliana, Maria Elena, Carmen, Sonia , Daniela, Nancy, Elvira, Nadia, Liz , Mirta, Norma
This comunal bank is a very active and long-standing group, which, despite having some problems always learned how to get ahead. The group is in its 12th loan cycle and has savings and petty cash that will facilitate repayment of this next loan.

Sra. Agustina is the president of the group and always knows how to perform her role well because she is very strict but also understanding.

Agustina sells hamburgers and hotdogs and also all kinds of drinks. She has two locales where she works with her husband. She has expanded her business with the passing of the years and with the help of the Fundación.

She is requesting a loan to purchase supplies for her business, such as drinks, hamburgers and hotdogs. She is grateful for the help and the opportunity that she is receiving, which will be very profitable for her.
View original language description ↓
El comite es un grupo muy activo y antiguo, y a pesar de tener algunos inconvenientes dentro del comite siempre supieron salir adelante , el grupo se encuentra en el ciclo 12º , tienen ahorros y caja chica que les facilitan el retiro del proximo credito.
La Sra. Agustina es la presidenta del grupo, y siempre sabe llevar bien adelante su puesto ya que es muy estricta y a la vez comprensiva, ella tiene ventas de hamburguezas y panchos , tambien bebidas de todas clases , tiene 2 locales en las cuales trabaja con su marido. La Sra. Desea tener agrandar su negocio con el correr de los años , y con la ayuda de la Fundacion.
Solicita el crédito para la compra de insumos para su negocio, como ser bebidas, hamburguesas y panchos. Agradece por la ayuda y la oportunidad que está recibiendo, la cual le será muy provechosa.

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
  • 61
    View loans »
    Paraguay Loans Fundraising
  • $33,622,500
    Funds lent in using Kiva
  • 4,340.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Amistad Group's $5,925 loan helped a member to purchase drinks, hamburgers and hotdogs, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jun 19, 2012
Jul 23, 2012
Currency Exchange Loss:
Nov 15, 2012