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El Progreso Group
In this Group: Marta, Eliodora, Modesta, Lucina, Balbina, Cristina, Elena, Geraldina, Eduarda, Jorgelina, Emiliana, Cepriana*, María*
* not pictured
The communal bank El Progresso was formed when several of the neighbors of the city of Santaní joined together. They are in their third loan cycle. They work as a group to help each other and each one of them takes their portion of the loan according to their need and their ability to repay.

Lucina is one of the members. She is married and has 5 children. She sells milk and cheese that she makes herself. This is how she and her husband work to support their children, since they want for them to have everything that they didn’t.

She is requesting this loan to buy milk so that she can increase her product stock so that she can fulfill the requests from her customers.
View original language description ↓
El comité “El Progreso” se formó con la unión de varias vecinas de la ciudad de Santaní. Están en el Tercer ciclo, trabajan en conjunto para ayudarse y cada una de ellas saca el monto de acuerdo a la necesidad de invertir y la capacidad de pago.
La Sra. Lucina es una de las miembros, está casada y tiene 5 hijos se dedica a la venta de leche y queso q ella misma produce, así ella y su esposo luchan por sus hijos, ya que quieren que tengan todo lo que ellos no pudieron.
Ella solicita de este crédito para la compra de leche, para que así pueda aumentar su stock de su producto y de esa forma poder cumplir con el pedido de sus clientes.

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
  • 42
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 4,159.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of El Progreso Group's $3,150 loan helped a member to buy milk for resale.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2013
Listed
Apr 28, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013