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Porvenir Group
In this Group: Hermelinda, Martina, Teofila, Teodora, Myrian, Cristina, Tomasa, Erotida, Maria, Leonidas, Alejandra, Maria, Mauricia, Gilda, Adela, Maria, Maria*, Ninfa*, Gladis*
* not pictured
The Porvenir Committee is made up of 19 women that live in the same community. They all have different economic activities that are of great importance because they contribute to their families' well being. The members are very united and have strong desires to continue with the program because they have seen positive results.

One of these members, Teofila, makes a living selling all types of products by traveling. These include clothing and even food stuffs. The loan that she hopes to obtain will be invested in the purchase of merchandise that have good sales in order to continue increasing her number of customers and also the products that she offers.
View original language description ↓
El comité Porvenir esta conformado por 19 mujeres que viven en la misma comunidad. Todas ellas se dedican a actividades varias que le son de suma importancia por que contribuyen al bienestar familiar.Las integrantes se encuentran muy unidas y con muchas ganas de seguir en el programa ya que ven los resultados positivos.
Una de las integrantes, la señora Teofila se dedica a la venta ambulante de todo tipo de productos desde ropas, hasta alimentos.
El crédito que desea obtener se re invertirá en la compra de mercaderías que tienen buena venta para asi poder aumentar la cantidad de clientes y también de productos a ofrecer.

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
  • 59
    View loans »
    Paraguay Loans Fundraising
  • $28,869,750
    Funds lent in using Kiva
  • 4,415.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Porvenir Group's $2,375 loan helped a member to buy merchandise like clothing, food stuffs, bed sheets, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2012
Listed
Aug 31, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012