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Comite Buscando Progreso Group
In this Group: Maria, Cynthia, Luisa, Teresa, Carmen, Gladys, Sonia, Maria, Isidora, Maria, Sonia, Paola, Dolores, Mirian, Toribia
The women who are members of this group are engaged in diverse labor productions. They use the loan as capital, such as fostering what they have already produced or buying more merchandise or raw ingredients in the case of the women who are dedicated to selling food ítems.


The women who work in recycling use their credit to buy discarded ítems such as aluminum, cardboard, plastic, iron, etc. Most of the women yearn for a better future for their children, so they double their effort to generate income to be able to provide them with possibilites of studying and obtaining a good job.

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
  • 37
    View loans »
    Paraguay Loans Fundraising
  • $29,459,275
    Funds lent in using Kiva
  • 3,945.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Comite Buscando Progreso Group's $1,675 loan helped a member to buy merchandise for their business, such as clothing, lingerie, ingredients for cakes and different meals, jewelry, and other stuff.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 15, 2008
Listed
Jul 29, 2008
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2009