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15 De Mayo Group
In this Group: Etelvina, Antonia , Blanca , Lucila , Marlis , Liliana , Nilda , Vidalina , Maria , Nancy , Carmen
The May 15th group consists of 11 members who all have productive activities. They came together to form the group and help each other's family and make progress with all of their businesses. Etelvina, the group president, found it difficult to convince her friends at first, but once they joined, and thanks to everyone's hard work, they are doing much better. Etelvina has a convenience store and is requesting the loan to purchase supplies to stock her store, like noodles, rice, milk, lard, eggs and other items, since she always wants to have everything to offer her customers.
View original language description ↓
El comité 15 de Mayo cuenta con 11 integrantes donde todas tienen actividades productivas. Formaron el comité con el compromiso de trabajar en conjunto, para poder ayudar a sus familias e ir progresando en el trabajo de cada una de ellas.
Etelvina, la presidenta del grupo cuenta, que al principio fue difícil convencer a sus amigas, pero que después accedieron y gracias al trabajo de todas están mucho mejor. Ella tiene una despensa y solicita de este crédito para poder invertirlo en la compra de insumos para abastecer su local, como ser fideos, arroz, leche, manteca, huevos y demás, ya que siempre quiere tener de todo, para poder ofrecerle a sus clientes.

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
  • 55
    View loans »
    Paraguay Loans Fundraising
  • $28,924,525
    Funds lent in using Kiva
  • 4,464.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 15 De Mayo Group's $1,400 loan helped a member to purchase noodles, rice, milk, lard, eggs and other items.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Nov 14, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013