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8 De Diciembre Group
In this Group: Genoveva, Mercedes, Miana, Castula, Zunilda, Virginia, Faustina, Fermina, Cristina, Lidia, Tomasa, Clementina, Restituta
The group known as 8 de Diciembre is in its first cycle with the program for groups of women. They are hardworking women who all help each other to get ahead. They are participating in the study for the elimination of poverty to better understand each member's situation.

Genoveva is the president of the group and is very active. She formed the group so they could work together and forge ahead. She requests this loan to buy animals to raise, since she makes a living raising animals and this has helped her move forward. The loan will help her carry out her business plan, which will in turn help her improve her income.
View original language description ↓
El grupo llamado 8 de Diciembre está en su primer ciclo del programa de comité de mujeres, son mujeres trabajadoras donde todas se ayudan por salir adelante. Ellas están haciendo la encuesta de eliminación de pobreza para saber la situación de cada una de ellas.
La señora Genoveva es la presidenta en el comité y es muy activa, formo su grupo para poder trabajar en conjunto y salir adelante La Sra. Solicita de este crédito para la compra de animales para la cría, ya que a eso se dedica y con ello está saliendo adelante, lo que le ayudará a tener a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos.

Additional Information

More information about this loan

This loan is part of the innovative “Poverty Stoplight” program developed by Fundación Paraguaya for women living in poverty. A “stoplight” measurement tool is used to help borrowers self-identify the type of poverty that affects them most (lack of income, dearth of financial opportunities, poor living conditions etc.). Borrowers rate 50 areas of their life as green (not poor), yellow (poor) or red (extremely poor). Together with their loan officer, they come up with a plan to resolve yellow and red indicators. Through this program, Fundación Paraguaya hopes to lift 9,000 women and their families out of poverty by 2017.

To learn more about this unique approach to eliminating poverty, you can read this article on Fundación Paraguaya’s website.

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
  • 96
    View loans »
    Paraguay Loans Fundraising
  • $32,360,775
    Funds lent in using Kiva
  • 4,190.2
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 8 De Diciembre Group's $2,400 loan helped a member to buy animals to raise.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Apr 24, 2013
May 25, 2013
Currency Exchange Loss:
Dec 17, 2013