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Maria Estela's Group
In this Group: Maria Estela, María Angelica*, Pastora*, Francisca, Fulvia, Celia, Hermelinda, Lilian, Digna, María, Ana, Augusta, Jacinta, Sara, Pabla, Marta, Maria
* not pictured
One year ago, a group of women in Asunción decided to form the committee “Mujeres trabajando juntas” (women working together) in order to bring prosperity to their families. They all have one thing in common: the dream of becoming successful entrepreneurs in order to bring benefits to their sons.



Among the businesses these ladies run are: grocery stores, sales of fruits, remedies, furniture, coal and vegetables. The money provided by this Kiva loan will be used to purchase merchandise in some cases and raw materials in others.



Maria Angelica V.'s "Women Working Together" group was formed under the "Committee of Entrepreneuring Women" program carried out by Fundación Paraguaya. The programtargets groups of enterprising women who create a village bank through which they receive assistance in terms of loans. The main goal is to give them the opportunity to carry out economic activities which enable them to live in dignity and contribute to a better quality of life in their homes. Lending to poor women creates a cascading effect that brings social and economic benefits to a whole family, and thus to the entire community. What is more, the sense of belonging to a group gives these women the energy and motivation to achieve success.

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
  • 58
    View loans »
    Paraguay Loans Fundraising
  • $27,485,425
    Funds lent in using Kiva
  • 4,020.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Maria Estela's Group's $1,975 loan helped a member the money provided by Kiva lenders will be used to purchase merchandise and raw materials.

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100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 27, 2008
Listed
Jun 11, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 19, 2008