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24 De Mayo Group
In this Group: Georgina, Ramona, Ninfa, Herenia, Candida, Fermina, Karen, Erma, Maria, Nilda, Blanca, Gloria, Celia*
* not pictured
The “24 de mayo” committee was formed with 13 women who work and who are striving to get ahead. Each of them has her own enterprise in which she is putting all of her efforts to get ahead. They are from a remote community which can be said to have difficult access. It is very rural and is is experiencing growth.

Georgina is the president of this group. She is raising penned animals and through this has income to live on day to day with her family. She has all types of animals, such as ducks, chickens and pigs. This woman works very hard, but she says that everything she does is to help her family.

She is asking for this loan to be able to invest it in buying balanced feed for her animals, and in this way be able to continue raising them.
View original language description ↓
El comité “24 de mayo” se formo con 13 mujeres que trabajan y se están esforzando por salir adelante. Cada una de ellas tiene su propio emprendimiento en el que están poniendo todos sus esfuerzos por salir adelante. Son de una comunidad alejada y se puede decir de difícil acceso, bastante rural, en vías de crecimiento.
Georgina es la presidenta de este grupo, ella esta criando animales de corral, y por medio de esto tiene los ingresos para su día a día y el de su familia. Tiene todo tipo de animales, como ser patos, gallinas, y cerdos. Es muy sacrificada esta señora, pero cuenta que todo lo que hace es por ayudar a su familia.
Solicita de este crédito para poder invertirlo en la compra de balanceados para sus animales, y de esa forma poder seguir con la cría de ellos.

Additional Information

More information about this loan

This loan is designed for poor clients living in rural areas with high levels of crime and social conflict. These clients, working primarily in agriculture, are often ineligible for credit from formal financial institutions because of the high-crime area they live in, their lack of adequate collateral (like a land title), and the likelihood of low agricultural production due to bad weather or pests. Fundación Paraguaya is committed to serving these clients with loans and other wraparound services tailored to their needs. It also provides clients working in agriculture with access to discounted training courses at a local agricultural school to teach them how to improve their crop yields.

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
  • 135
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,465.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 24 De Mayo Group's $2,225 loan helped a member to buy balanced feed for animals.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jul 16, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014