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8 De Diciembre Group
In this Group: Maria Felicia, Rafaela, Cynthia*, Doralicia, Rosalina, Bartola, Emilce, Guillermina, Ramona , Lilian, Gabina, Norma, Roció , Nimia, Amancia, Librada, Sara, Aurelia, Maria, Nilsa
* not pictured
The committee was formed by Doralicia B. who lives in the Barrio Fátima zone of C.D.E. She is the mother of two children and works selling chickens. She contacted her neighbors and friends to form the committee in the area. The committee is named "December 8", and consists of 21 active and supportive women, all of whom live in the same zone. Each woman sells different types of goods such as: pants, T-shirts, tomatoes, onion, garlic, face cream, apples, bananas, soft drinks, small cookies, caramels, melon, watermelon, sugar, milk, oil, brooms, rugs, detergent, fabric softener, meat, etc. They will also sell anything else that is a new undertaking and creates a steady income. The women want to take out a loan of 300,000-800,000 guarani to be used to purchase merchandise and necessary goods to sell.
View original language description ↓
Para la formación del comité la contacto fue la Señora Doralicia B. quien vive en la zona del Barrio Fátima de C.D.E., madre de 2 hijos, ella se dedica a la Venta de gallinas, ella contacto con sus vecinas y amigas para formar el comité en dicha zona.
El comité se denomina “8 de Diciembre”, está constituido por 21 señoras muy activas y solidarias, todas de la misma zona.
Ellas tienen actividades diferentes como ser Venta de: Pantalones, remeras, tomates, cebollas, Ajo, cremas para el rostro, manzanas, bananas, gaseosas, galletitas, caramelos, melones, sandias, azúcar, leche, aceite, escobas, Trapo de piso, detergente, suavizante, Carnes etc., y otras que emprenderán una nueva labor y cuentan con un ingreso fijo.
Las señoras retiran un crédito de Gs 300.000 a Gs 800.000 c/u
El Crédito destinaran a la compra de mercaderías para y artículos de primera necesidad para la venta.

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
  • 18
    View loans »
    Paraguay Loans Fundraising
  • $29,426,950
    Funds lent in using Kiva
  • 4,981.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 8 De Diciembre Group's $2,450 loan helped a member the purchase of fruit, vegetables, chicken, cosmetics, caramels, drinks, silverware, plastics, clothing, food, ice cream, bread, etc.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2009
Listed
Feb 25, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2009