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24 De Mayo Group
In this Group: Georgina, Erma, Candida, Maria, Blanca, Herenia, Fermina, Gloria, Mirna, Tania, Carmen, Elsa, Karen, Mariana, Maria, Nelida, Pablina, Elida*, Martina*
* not pictured
This committee is called "24th of May." They are in their third loan cycle. It consists of 19 women. It is a very united and entrepreneurial group. They are grateful for the help that Fundación Paraguay offers them, since it is a great help so that they can advance in the businesses that they run.

Señora Erma is distinguished by her humility and will to achieve. She works as a domestic employee, and with this loan she is thinking of setting up a business of selling food and beverages and in this way being able to begin a new job that allows her to improve her living conditions.
View original language description ↓
El comité se llama 24 DE MAYO están en el 3er ciclo, está conformada por 19 mujeres, es un grupo muy unido y emprendedor, están agradecidas por la ayuda que les brinda la fundación paraguaya ya que es de suma utilidad para que puedan salir adelante en las actividades que llevan a cabo.
La Sra. Erma se distingue por su humildad y ganas de sobresalir, se desempeña como empleada doméstica y con este préstamo está pensando montar un negocio de venta de comidas y bebidas, y de esa forma poder empezar un nuevo trabajo que le permita mejorar sus condiciones de vida.

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.

Tags

About Paraguay

  • $4,555
    Average annual income
  • 49
    View loans »
    Paraguay Loans Fundraising
  • $28,924,525
    Funds lent in using Kiva
  • 4,298.0
    Paraguay Guarani (PYG) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of 24 De Mayo Group's $4,850 loan helped a member to buy supplies to sell food and beverages.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 14, 2014
Listed
Aug 20, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015