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Rincon Poty 2 Group
In this Group: Rocio, Delia, Ariel, Maria, Mario, Rocio
The group named "Divino Niño" or "Divine Child" is in its 3rd program cycle of the "comité de Jóvenes Emprendedores" or "Committee of Young Entrepreneurs" where they as young people want to take the reins and to fight to get ahead and feel useful helping their families.
One of the members is Delia, who sells Avon beauty products for a living. She says that by way of work she wants to help her family, contributing with a grain of sand to lighten the load for her family. In the future she wants to be a small business owner and be able to continue growing.
She is requesting this loan to purchase Avon products, and in that way be able to continue growing and fulfilling customer orders. She is grateful for the help that she is receiving.
View original language description ↓
El grupo llamado Divino Niño está en su 3 ciclo del programa de comité de Jóvenes Emprendedores, donde ellos como jóvenes quieren tomar en sus manos las riendas y poder luchar por salir adelante y también sentirse útiles ayudando a sus familias.
Una de las integrantes es Delia, quien se dedica a la venta de productos de Belleza Avon, cuenta que por medio de este trabajo quiere ayudar a su familia, aportar con un granito de arena para aligerar la carga de su familia. Ella quiere el día de mañana ser una gran microempresaria y poder seguir creciendo así.
Solicita este crédito para la compra de productos Avon, y de esa forma poder seguir creciendo y cumpliendo con los pedidos de sus clientes. Agradece por la ayuda que está recibiendo.

Additional Information

More information about this loan

This loan is designed for young people aged 15 to 25 whose families are living in poverty and who wish to start a new business or improve an existing business. As part of its Youth Entrepreneurship program, Fundación Paraguaya’s staff members offer mentorship, as well as training courses and workshops in finance and business administration. Borrowers also receive standard benefits like health coverage and life insurance. This type of loan is not offered by most other financial institutions in Paraguay. Young borrowers are often considered to be too risky because they lack prior credit history or business experience.

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
  • 86
    View loans »
    Paraguay Loans Fundraising
  • $31,419,450
    Funds lent in using Kiva
  • 4,172.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Rincon Poty 2 Group's $750 loan helped a member to purchase Avon products to sell.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2013
Listed
May 20, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013