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El Progreso Group
In this Group: Estanislaa, Juliana, Katherine , Fabiola , Benedicta , Lidia , Agripina , Maria , Rossana *, Maria *
* not pictured
The communal bank "El Progreso" (Progress) originated from classes that were done in the neighborhood. All of the members are acquaintances and neighbors from the same area. The goal of each of the women is to work, to form a spirit of solidarity, and to achieve the maximum level of the program.

Estanilaa is the president of the group. Currently she is a housewife, but she is beginning to sell clothing, and her desire is to sell it independently. Estanilaa will give the utmost effort so that her group progresses and succeeds. This is how she will be able to execute her business plan.

Estanilaa is applying for this loan to buy garments of all types which will allow her to begin working and attracting customers. She is thankful for the opportunity given to her by Kiva and Fundacion Paraguaya.
View original language description ↓
El comité "El Progreso"se originó a traves de promociones que se hicieron en el barrio.Todas las integrantes son de la misma zona, conocidas y vecinas del barrio.El objetivo de cada de una de ellas es trabajar,fomentar el espiritu solidario y llegar al nivel máximo del programa.
La sra. Estanilaa es la Presidenta del grupo, ella actualmente es ama de casa pero está emprendiendo en la venta de ropa, su deseo es trabajar en la venta de ropa en forma independiente, ella pondra el mayor esfuerzo para que su comité surja y salga adelante,asi podra ejecutar su idea y plan de trabajo.
Ella solicita el crédito para la compra de prendas de todo tipo, con lo cual podrá empezar a trabajar y de esa forma atraer a la clientela. Agradece por la oportunidad que Kiva y fundación paraguaya les está dando.

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
  • 74
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,395.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of El Progreso Group's $1,300 loan helped a member to purchase garments for retail.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2012
Listed
Sep 18, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013