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Buscando Progreso De Las Mujeres Group
In this Group: Melania, María , Ignacia , Nidia , Lorena , Getrudis , Miguelina , María , Daniela , Nélida *, Miryan *
* not pictured
Communal bank “Buscando Progreso Para Las Mujeres” (Seeking Advancement for Women) was created under the initiative of one of its members. It is on its first loan cycle and is made up of 11 members. The starting of this bank is proof of the union and solidarity of its members, all of which now have an income-generating activity.
Melania is one such member. She makes and sells chipas, a kind of cheese buns made with cassava starch. This is her livelihood and her family's source of income. She is hard-working and above all, an honest woman that stands out because of the important support she gives to her bank.
Melania is asking for this loan in order to purchase starch, animal fat, aniseed, cheese, eggs and other ingredients necessary to make chipas and thus, to generate an income for her family.
View original language description ↓
El comité “Buscando Progreso Para Las Mujeres”, se conformo con la iniciativa de la señora de una de las miembros, se encuentran en el primer ciclo, con once integrantes. El grupo empezó, demostrando unión y solidaridad entre las compañeras; quienes ya cuentan con sus actividades productivas.
Una de las integrantes es Melania, quien se dedica a la fabricación y venta de chipas, con lo cual se gana la vida y el sustento de su familia. Es una persona muy trabajadora, y por sobre todo honesta, que se destaca por la gran labor que hace dentro del grupo.
Solicita el crédito para la compra de almidón, maneca, anís, queso, huevo y demás, para seguir haciendo las chipas que vende y así seguir generando ingresos para su familia.

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
  • 51
    View loans »
    Paraguay Loans Fundraising
  • $27,437,225
    Funds lent in using Kiva
  • 4,420.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Buscando Progreso De Las Mujeres Group's $1,400 loan helped a member to purchase starch, animal fat, aniseed, cheese, eggs and other ingredients.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2012
Listed
Sep 26, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2013