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13 De Junio Group
In this Group: Marta Concepcion, Silvia, Rosana, Cynthia, Maria Concepción, Nora, Edith, Ana, Encarnación, Ana, Apolonia, Saturnina, Grettel
The "13 de Junio" communal bank first began thanks to the management and the support of another communal bank that operated in that area. This group comes from the town of San Lorenzo and they have set the growth of each one of them as their main goal. They are known in the area as very hard-working women.
Silvia is a very hard-working and enterprising person. She works as a hairdresser and also as a maid. She works every day from the very early hours of the morning. Silvia reports that her hairdressing business is going very well. She has gotten a good number of customers and she's becoming well-known for her good work.
She requests this loan in order to purchase hairdressing supplies, since she wishes to keep on providing her customers with quality service. She gives thanks for the help that her communal bank has received, because that's very important to them.
View original language description ↓
El comité “13 de Junio” nace gracias a la gestión y el apoyo de otro comité que se encontraba trabajando en esa zona. Este comité es de la Ciudad de San Lorenzo, ellas fijaron como objetivo principal el crecimiento de cada una de ellas, son reconocidas en el lugar como mujeres muy trabajadoras.
La Sra. Silvia es una persona muy trabajadora y emprendedora, se dedica a la peluquería y también es empleada doméstica. Trabaja todos los días desde muy tempranas horas de la mañana. Silvia cuenta que le está yendo muy bien en su trabajo de peluquera se ha hecho de buena clientela y se está haciendo conocida por sus buenos trabajos.
Solicita este crédito para la compra de insumos de peluquería, ya que quiere seguir dando un buen servicio a sus clientes. Agradece por la ayuda que su grupo recibe, pues es muy importante para ellas.

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
  • 30
    View loans »
    Paraguay Loans Fundraising
  • $28,082,175
    Funds lent in using Kiva
  • 4,295.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 13 De Junio Group's $1,625 loan helped a member to purchase hairdressing supplies.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Dec 17, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013