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8 De Diciembre Group
In this Group: Carmen , Ramona , Alejandra , Elisa , Nelida , Maria , Viviana , Carolina , Melissa , Victoria , Angelica , Martina , Viviana , Cinthia *
* not pictured
The communal bank 8 de Diciembre was formed and has been working with the Fundación Paraguaya for two years. Most of the members are already working in a productive activity and it is thanks to the activity that each one of them is getting ahead.

Nelida is one of the members of this bank. She joined due to the necessity of having more income to pay the various household expenses and give her family everything they need. She is a traveling salesperson selling natural remedies and she also recycles materials such as aluminum, plastic, paper, iron, etc. She yearns for a better future for her children and this is why she pushes herself every day to give them the opportunity to study and to attain a better future.

She is asking for a loan to buy natural remedies to sell so she can continue working and getting ahead through her struggles.
View original language description ↓
El comité "8 de Diciembre" tiene 2 años de formación y trabájo con al Fundación Paraguaya , la mayoría de sus integrantes ya viene realizando una actividad productiva, y es gracias a esa actividad que cada una de ella sale adelante.
La Sra. Nelida es una de las integrantes de éste comité , se unió al comité por la necesidad de tener un mayor ingresos para solventar los diversos gastos del hogar y así dar a su familia todo lo que necesitan. Es vendedora ambulante de remedios naturales y tambien realiza reciclaje de materiales como ser (alumino, plasticos, papel, hierro, etc). Anhela un futuro mejor para sus hijos es por eso que se esfuerza todos los días para darles la oportunidad de estudiar y lograr un futuro mejor.
Ella solicita el crédito para la compra de remedios naturales para la venta, ya que así podrá seguir trabajando y saliendo adelante por medio de su esfuerzo.

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
  • 77
    View loans »
    Paraguay Loans Fundraising
  • $29,572,900
    Funds lent in using Kiva
  • 4,395.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 8 De Diciembre Group's $4,125 loan helped a member to buy natural remedies to sell in her work as a traveling salesperson.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2012
Listed
Sep 24, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013