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Fortaleza Group
In this Group: Ramona Fidelina, Artemia , Maria , Maria , Alicia , Lidia , Teresa , Monica , Elva , Graciela , Josefa , Natividad , Mirian , Liz , Benita , Nancy , Mirna *, Luciana *, Norma *
* not pictured
The communal bank "Fortaleza", comprised of 19 members, is in its fourth loan cycle. Each member has her own business activity, but they all are very supportive of each other and responsible.

The director is Mrs. Ramona, who was chosen by the group's members. She sells furniture for a living. Little by little she started her business, and thanks to her hard work it has grown into what is now a grand micro-business. Her goal is to keep expanding and continue supporting her family all she can.

She is requesting a loan to buy different kinds of furniture to continue her sales work.
View original language description ↓
El comité se llama “Fortaleza”, se encuentra en el Cuarto Ciclo con 19 integrantes. Cada una con sus respectivas actividades productivas, son muy unidas responsables y solidarias entre ellas.
La Directora es la Sra. Ramona quien fue elegida por las integrantes del comité, ella se dedica a la venta de muebles. Cuenta que empezó con muy poco, pero que después gracias a su esfuerzo fue creciendo, y hoy en día ya es una gran microempresaria. Su meta es poder seguir creciendo y de esa forma poder seguir ayudando a su familia en todo lo que pueda.
Solicita el crédito para la compra de muebles de diferente tipo, para poder seguir trabajando y vendiendo

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
  • 69
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,420.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Fortaleza Group's $3,925 loan helped a member to buy furniture to sell.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2012
Listed
Sep 26, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012