Check out other loans that are currently fundraising!
Prosperidad Group
In this Group: Lidia, Vidalia, Rosa, Mabel, Eulogia, Catalina, Adelaida, Bernardina*, Myrian*, Ursulina, Eva, Wilma, Margarita, Gloria, Graciela, Norma, Atanacia
* not pictured
View original language description ↓
The Prosperity Committee formed as a union of neighbors in the Las Garzas neighborhood in the city of San Antonio. At first, the committee had bad experiences with the program, since they had some people who didn't fulfill their responsibilities, but now they have recuperated their confidence and their solidarity. Prosperity is one of the committees that has succeedeed with good organization and stability in this city. They are only on their fourth loan, but in this time they have demonstrated a lot of capacity to work as a team. In this photograph are 15 of the 16 members of the committee. All of the members have their own activities. Although some have formal jobs, they carry out their businesses in their extra time to increase their income. The committee has a very harmonious relationship among all of their members, and they have demonstrated their unity on various occasions. The carry out their activities as a group, such as solving any inconvenience by making a majority decision.

Translated from Spanish by Tanya Harper, Kiva volunteer


El Comitè “Prosperidad” se formò a partir de la union de vecinas del barrio Las Garzas de la ciudad de San Antonio, en un principio, el comité tuvo malas experiencias con el programa, teniendo en el comité a personas que no cumplian con su responsabilidad, pero hoy ha recuperado la confianza y la solidaridad. “Prosperidad” es uno de los comites que ha logrado una buena organización y estabilidad en dicha ciudad, si bien solamente estan con el cuarto ciclo, en este tiempo han demostrado bastante capacidad de trabajar en equipo. En la fotografia tomada se encuentran 15 de las 16 integrantes del comite. Todas las integrantes tienen sus actividades propias, aunque algunas tienen trabajos formales, desarrollan sus emprendimientos en un tiempo extra para acrecentar sus ingresos. El comité lleva la mas armoniosa relacion entre todas sus miembros y han demostrado su unidad en varias ocasiones, ya sea desarrollando actividades en forma conjunta, como solucionando cualquier inconveniente siempre bajo la decisión de la mayoría.

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
  • 52
    View loans »
    Paraguay Loans Fundraising
  • $29,537,050
    Funds lent in using Kiva
  • 3,980.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Prosperidad Group's $3,200 loan helped a member the credits received from Fundación Paraguaya were invested in the purchase of various items, the majority of which were supplies or merchandise for the committee members' activities. Some of these items are: meat, beverages, rice, pasta, etc. These articles were purchased by the women who are dedicated to sales, such as those who have grocery stores. Those who are dedicated to other trades used their credits to purchase supplies for their activities: thread, fabric, chemical products, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 16, 2008
Listed
Sep 1, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 22, 2009