Check out some available loans that are similar to this one!
8 De Diciembre Group
In this Group: Rosalia, Celestina, Beatriz, Raimundo, Fidelina, Maria, Maria, Gregoria, Froilana , Liliana, Elva, Arminda, Lidubina, Damiana, Antonia, Maria*
* not pictured
The committee has sixteen members and all of them feel very excited because the mutual help among them is constant and above all it inspires their desire to continue fighting for their families.

Rosalia is the president and she comments that she motivated her friends to join the group because she also wanted to help them get ahead. She has a small family grocery store where they all work and help her to run it. She tells the story that she started with a small business, but afterwards, she continued making her way and today she has a good clientele.

She is requesting the loan to buy drinks, dairy products, baked goods, vegetables and other supplies in order to be able to continue working and, in this way, to have her business well stocked. She is grateful that she and her friends have this opportunity.
View original language description ↓
El comité tiene 16 integrantes en donde todas se sienten muy emocionadas, ya que la ayuda mutua entre ellas es constante y por sobre todo las inspira las ganas de seguir luchando por sus familias.
Rosalia es la presidenta, y comenta que ella motivo a sus amigas a formar parte del grupo, ya que también quiso poder ayudarlas a salir adelante. Ella tiene una despensa familiar, donde todos trabajan y la ayudan a atenderla. Cuenta que empezó con un pequeño negocio, pero que después fue abriéndose camino y hoy en día ya tiene una muy buena clientela.
Solicita el crédito para la compra de bebidas, lácteos, panificados, verduras y demás insumos para poder seguir trabajando y tener de esa forma bien surtido su negocio. Agradece que ella y sus amigas tengan esta oportunidad.

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
  • 18
    View loans »
    Paraguay Loans Fundraising
  • $29,453,750
    Funds lent in using Kiva
  • 4,437.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 8 De Diciembre Group's $3,850 loan helped a member to buy drinks, dairy products, baked goods, vegetables and more.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2012
Listed
Oct 18, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2013