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La Alegria Group
In this Group: Sonia, Nilda, Maria, Ursulina, Baldovina, Ramona, Edelmira, Verena, Cirila, Lucia
Every member of the communal bank La Alegría (Joy) is enthusiastically working to grow their businesses, which help them get ahead and give their families what they need. Nilda, a member, is determined to move forward and work. One of her activities is making wood carvings. She is talented, and this work helps her family out.

Nilda is applying for a loan to buy woods so that she can continue making her crafts and helping her relatives.
View original language description ↓
El grupo la alegría esta trabajando con entusiasmo para poder crecer cada una en sus respectivos trabajos. Son 10 mujeres muy capaces, que se esfuerzan por salir adelante y dar a su familia todo lo que pueden.
La Sra. Nilda es una de las integrantes, que ha mostrado muchas ganas de salir adelante y trabajar, entre sus quehaceres se puede comentar que ella se dedica a la elaboración de artesanías en maderas, como ser tallados y demás. Es una persona muy talentosa, y con este trabajo es como ayuda a su familia.
Esta solicitando de este crédito para la compra de maderas, para que ella de esa manera siga haciendo sus artesanías, y también con ello tenga los medios para seguir ayudando a sus parientes.

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
  • 83
    View loans »
    Paraguay Loans Fundraising
  • $31,496,850
    Funds lent in using Kiva
  • 3,919.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Alegria Group's $3,075 loan helped a member to buy wood to carve.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2013
Listed
Feb 27, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2013