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Carmen's Group
In this Group: Carmen, Rosanna, Ida, Zulma, Ana, Justina, Maria, Genara, Petrona, Mariana, Teresa, Demetria, Gabriela, Nelida, Emerenciana, Librada
Six months ago, the committee “Santo domingo” was formed. Some of the original founding members still belong to the committee and they are now very proud to be in the second cycle. The group receives financial assistance and has saved 750.800 guaranies so far.



The ladies of the committee are involved in different type of business such as running grocery stores, sales of clothing, chicken, fruits, honey, bijouterie (trinkets and ornaments) and lingerie among others. The money provided by this Kiva loan will be used to purchase merchandise in some members' cases and raw materials in others.



These ladies have one important thing in common: they all want to bring benefits to their families by working very hard and generating income. They all want to give their sons the opportunity to go to school or college.

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
  • $29,405,000
    Funds lent in using Kiva
  • 4,020.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Carmen's Group's $1,850 loan helped a member to buy

(i) ingredients to cook traditional Paraguayan meals

(ii) fruits such as oranges, bananas, pineapples, apples, pears

(iii) cosmetics and clothing.

100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 27, 2008
Listed
Jun 10, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 19, 2008