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Kuña Pora Group
In this Group: Rosa, Susana, Porfiria, Rosa, Gladys, Mirtha, Maria, Maria, Patricia, Mercedes, Gladys, Cirila, Teresa, Rosali, Gilda, Noelia, Valeria*
* not pictured
The group called Kuña Pora is in its sixth loan cycle in the women entrepreneurs program. The group is from city of Concepción, in an area away from the city centre which is still is growing. It’s a rural area which is why the members of this group want to fight to continue its growth and to give the area where they live a better environment so that it continues to grow.

Gilda, a member, is a street vendor who sells linens and jewellery. This activity allows her to raise her children. She is a very hard working woman as her work isn’t easy, but she makes great effort as she doesn’t want her children to go without necessities as she did.

She is requesting this loan to purchase linens and jewellery for sale. This way she can continue growing her business and give her family what they need to have a life without hardships.
View original language description ↓
El grupo llamado Kuña Pora está en su ciclo número 6 del programa de comité de mujeres, es de la ciudad de Concepción, la cual es una zona un poco alejada de la zona céntrica y aún se encuentra en crecimiento. Es una zona rural, por lo que las integrantes de este grupo quieren luchar por ir creciendo y dar a la zona donde viven un mejor ambiente y que vayan creciendo lentamente.
La Sra. Gilda es una de las integrantes, ella es vendedora ambulante de sus lencerías y joyas con el cual le hace crecer a sus hijos. Es una mujer muy sacrificada, ya que su trabajo no es fácil, pero aun así se esfuerza, ya que no quiere que sus hijos tengan que pasar por necesidades como las que ella tuvo que pasar.
Solicita de este crédito para la compra de lencería y joyas para la venta. Y de esa forma poder seguir creciendo con su negocio y dar así a su familia lo que necesitan para tener una vida sin privaciones.

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

  • $4,555
    Average annual income
  • 62
    View loans »
    Paraguay Loans Fundraising
  • $27,639,125
    Funds lent in using Kiva
  • 4,588.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Kuña Pora Group's $5,625 loan helped a member to purchase linens and jewellery for sale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2013
Listed
Dec 30, 2013
Currency Exchange Loss:
Possible
Ended:
May 22, 2014