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12 De Junio Group
In this Group: Herminia, Zulma, Mariza, Miryan, Claudia, Guiselda, Lilian, Martina, María, Magdalena, Irene, Liz, Silvia, Ida, Ana
15 women from the city of Coronel Oviedo got together to form the group called "12th of June," and today they are already in their 9th loan cycle. This is thanks to the fact that they are all working and helping one another. There are optimistic and have a great fighting spirit, and want to get ahead in life.

Claudia is a part of this group, and says that she sells embroidered sandals, which she herself makes. She has always had a lot of creativity and is now putting it to use to be able to help her family. She is a person with a strong desire to grow in life and she wants to continue with her work. It's for this reason that she is asking for this loan, so that she can invest it in buying sandals, thread, sequins, needles, and on top of that, to be able to continue with her embroidery and her sales.
View original language description ↓
15 mujeres de la ciudad de Coronel Oviedo se unieron para formar el grupo llamado 12 de junio, hoy ya están en su ciclo 9, y es gracias a que todas están trabajando y se ayudan, están optimistas y tienen un gran espíritu de lucha y quieren salir adelante.
Claudia forma parte de este grupo, y cuenta que ella vende zapatillas bordadas, que ella misma hace. Desde siempre tuvo mucha creatividad para ello y lo está utilizando hoy para poder ayudar a su familia por medio de esto. Ella es una persona con muchas ansias de crecer en la vida. Quiere seguir con su trabajo y es por eso que solicita este crédito para poder invertirlo en la compra de zapatillas, hilos, lentejuelas, agujas y demás para poder seguir con sus bordados y sus ventas.

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
  • 56
    View loans »
    Paraguay Loans Fundraising
  • $27,485,400
    Funds lent in using Kiva
  • 4,005.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 12 De Junio Group's $5,250 loan helped a member to buy sandals, thread, sequins, and needles so that she can continue to embroider the sandals she sells.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 27, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 22, 2013