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Jovenes Emprendedores Unidos Group
In this Group: Miguel, Gabriela, Ana, Gloria, Maria
This group of five young people are seeking their first loan. They are all keen to work and help each other move forward. They wish to work as a team with the goal of mutual assistance and responsibility to improve each person's quality of life. They know that with work and constant effort they will be able to achieve their proposed goals with help from Fundación Paraguaya.

One of the members of the group is Ana who makes and sells jewelry to earn a little money and help with household expenses. She is an idealistic young woman. She is seeking a loan to buy thread, special pliers and other items so she can continue with her jewelry business.
View original language description ↓
El grupo conformado por 5 jóvenes está en su ciclo número 1º del programa de comité de jóvenes, donde todos tienen iniciativa de trabajar y se ayudan por salir adelante. Tienen deseos de trabajar en equipo con el fundamento de lograr ayudarse con responsabilidad para mejorar el nivel de vida de cada uno de ellos. Saben que con trabajo esfuerzo continuo y permanente podrán lograr sus objetivos propuestos con la ayuda y oportunidad brindada por Fundación Paraguaya.
Una de las integrantes es Ana, quien hace bijouterie para poder vender, tener un poco de ingresos y de esa forma poder ayudar un poco con los gastos de la casa. Es una joven con muchos ideales.
Solicita de este crédito para la compra de hilos, pinzas canutillos y demás artículos para poder seguir haciendo su bijouterie para la venta.

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

  • $4,555
    Average annual income
  • 47
    View loans »
    Paraguay Loans Fundraising
  • $28,281,075
    Funds lent in using Kiva
  • 4,449.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Jovenes Emprendedores Unidos Group's $350 loan helped a member buy thread, special pliers and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2013
Listed
Sep 5, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013