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Primero De Diciembre Group
In this Group: Mirtha, Martha, Marta, Juana, Andrea, Maria, Blanca, Arminda, Mirtha, Susana, Alba, Daniela, Maura, Paulina, Edilda, Maria , Alma, Gladys, Leidy, Nancy, Delsia*
* not pictured
The communal bank Primero de Diciembre comprises a group of female friends who are all neighbors residing in the same community. It is a very close and responsible group, and they all help each other pay for expenses. The members of this group are very supportive of each other. They are enterprising women and, above all, they are fighters, because they use the income they generate to help improve their families' quality of life.

Blanca is one of its members. She is married and has three children. She works making crafts such as clay jugs, and embroiders hammocks, sheets, etc. with typical regional materials.

The loan requested will go towards covering expenses for supplies such as thread, needles, fabric, lace, etc. She will also use it to expand her business.
View original language description ↓
El comité Primero de Diciembre esta conformado por un grupo de señoras amigas y vecinas de la misma comunidad. Es un grupo muy unido y responsable ya que entre todas se ayudan a pagar los gastos.Las integrantes del grupo son muy solidarias, emprendedoras y sobre todo luchadoras ya que con los ingresos que generan ayudan a mejorar la calidad de vida de sus familiares.
Una de las integrantes la señora Blanca es casada y tiene 3 hijos, se dedica a la artesanía hace cántaros, borda hamacas, sábanas, etc con materiales típicos del país.
El crédito solicitado sería para cubrir el gasto de los materiales como hilos, agujas, telas, encajes, etc. y también lo utilizaría para ampliar el negocio.


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
  • 54
    View loans »
    Paraguay Loans Fundraising
  • $28,644,000
    Funds lent in using Kiva
  • 4,403.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Primero De Diciembre Group's $4,375 loan helped a member to purchase thread, needles, lace, and fabric.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2012
Listed
Aug 30, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012