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El Progreso Group
In this Group: Míguela, Ramona, Gilda, Sebastiana, Gladys, Anastacia, Marta, Iluminada, Natalia, Ubalda, Antolina, María*
* not pictured
The committee known as “El Progresso” was started due to the initiative of Sra. Miguela. The group is currently in its first loan cycle with 12 members. The members have begun to demonstrate their unity and solidarity through their friendships. They already engage in productive activities.


All of the members raise and sell farm animals. For example, Sra. Miguela has chickens, ducks, sheep, and other animals. Through her work, she is able to help her family. Miguela is requesting a loan so that she can buy balanced feed in order that she can continue providing a good diet for her animals.

View original language description ↓
El comité “El Progreso, se conformó con la iniciativa de la señora Miguela Actualmente están en el primer ciclo, con doce miembros. El grupo empezó, demostrando unión y solidaridad entre las compañeras; quienes ya cuentan con sus actividades productivas.
Todas ellas se dedican a la cría y venta de animales de corral, por ejemplo la Sra. Miguela tiene gallinas, patos, ovejas y demás y con este trabajo ayuda a su familia. Solicita de este crédito para poder invertirlo en la compra de balanceados para poder seguir dando buena comida a sus animales.

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
  • 70
    View loans »
    Paraguay Loans Fundraising
  • $28,761,950
    Funds lent in using Kiva
  • 4,169.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of El Progreso Group's $1,650 loan helped a member to buy balanced feed for her animals.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013