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El Progreso Group
In this Group: Marian, Rufina, Ignacia, Estanis, Efigenia, Mercedes, Maria, Nancy, Valeriana, Edith, Lidia, Maria
The communal bank "El Progreso" [Progress] comprises 12 members who are neighbors and know each other well. Maria Elisa is president of the group and has a small store in the front of her house where she displays her merchandise every day. She sells cleaning and personal hygiene products and non-perishable foods such as noodles, tea, rice, and more.

She wants to move forward working with Fundación Paraguaya, and her group is growing stronger by the day. She says she is happy with her committee position and also would encourage her fellow members to keep striving to meet their objectives.
View original language description ↓
El comité "El Progreso" cuenta con 12 integrantes que son de la misma zona, conocidas y vecinas del barrio.
La sra Maria Elisa es Presidenta del grupo, ella tiene un pequeño almacen en frente a su domicilio donde día a día expone sus productos a la venta. ella se dedica a la venta de productos de limpieza, higiene personal también de alimentos no perecederos como fideos, arroz, yerba, etc.
Su deseo es progresar junto con la Fundación Paraguaya y que el grupo se vaya fortaleciendo cada día más, manifiesta que se siente muy a gusto en su comité y que también alentaría a sus compañeras del grupo a seguir trabajando para el logro de sus objetivos.

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
  • 92
    View loans »
    Paraguay Loans Fundraising
  • $30,930,425
    Funds lent in using Kiva
  • 4,435.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of El Progreso Group's $2,725 loan helped a member to buy merchandise such as cleaning and personal hygiene products, tea, noodles, etc.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 31, 2012
Listed
Sep 9, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2013