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El Progreso Group
In this Group: Ada, Evangelista, Sonia, Virginia, Soledad, Pelagia, Dahiana, Etelbina, Lilian, Maria, Francisca, Marta, Zoraida, Veronica*
* not pictured
"El Progreso" is the name of an excellent group of women set up in the city of Itá thanks to the current Director General, Ada, who sells empanadas, as she contacted an assessor at a weekly meeting in their area to inform them of the formation of the group as a Communal Bank. Once they had been assessed, she joined the programme with 14 women who find themselves working very well in the their 4th cycle as a unit within the programme.

Ada tells us that the group has helped her to grow and that she is doing well. She always sells lots of empanadas, as they are delicious. Her goal is to be able to open a big store one day.

She is asking for this loan to buy ingredients so she can continue making empanadas, such as meat, condiments, vegetables and other things.
View original language description ↓
El progreso se denomina excelente grupo de mujeres conformado en la ciudad de Itá , gracias a que la actual Directora General la Sra. Ada que se dedica a la venta de empanadas contactó con la asesora en una reunión semanal que la misma tenía en la zona, para informarse de la forma de trabajo que tiene el Comité, una vez asesorada acerca del Programa logró juntar a 14 mujeres quienes se encuentran trabajando muy a gusto en el 4° ciclo, en forma conjunta y solidaria dentro del programa.
Ada cuenta por su parte que el grupo la ha ayudado a crecer y que le esta yendo bien, siempre vende muchas empanadas, ya que son muy ricas, la meta que tiene es poder abrir un gran local algún día.
Solicita de este crédito para la compra de insumos para poder seguir haciendo sus empanadas, como ser carne, condimentos, verduras y demás.

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

  • $8,400
    Average annual income
  • 92
    View loans »
    Paraguay Loans Fundraising
  • $31,392,000
    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 $2,375 loan helped a member to buy meat, condiments, vegetables and other things.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Jan 20, 2013
Currency Exchange Loss:
Covered
Ended:
May 17, 2013