A loan of $3,300 helps a member to refinance a debt and invest capital in her business.


Isla Umbu Poty Group's story

The group called Isla Umbu Poty is made up, in this moment, of 19 members. They are in the eighth cycle of the program of women's committee. The majority of the members have trading activities.

One of the members is Atanacia, who owns a general store selling primarily foodstuff in her own house. She also works selling prepared food, which helps her have a very important source of income for her family.

She says that the crisis in which the country finds itself due to the propagation of the pandemic caused by COVID-19 had consequences on her business. In fact, it prevented her from working as usual and from earning the same income that she gained before with her work.

She also says that since her sales have decreased due to the crisis, she, together with her group, wants to refinance the amount of her current loan and therefore to be able to respect its payment terms.

She requests this loan to be able to refinance her debt with Fundación Paraguaya, and to be able to respect her obligations. She also wants to invest some resources in her business. She is grateful to Fundación Paraguaya for providing her the opportunity to catch up.

NB: the photo features only one person, but this is a group loan. It was not possible to take a group photo because of the need to avoid the gathering of people due to the COVID-19 pandemic.

In this group: Eladia, Elvira, Belen, Simeona, Gladys, Edith, Reina, Maria, Atanacia, Regina, Mercedes, Sabina, Mirta, Nora, Erika, Fulvia, Selva, Cinthia, Simona

Translated from Spanish by Kiva volunteer Matteo Modelli.


This loan is special because:

It helps borrowers withstand negative economic impacts of the COVID-19 pandemic.

Wesley, Kiva staff

Wesley
Kiva staff



Loan details


Lenders and lending teams






Repayment schedule

*This loan is impacted by the COVID-19 crisis and your support is needed more than ever. Repayments may be delayed or lower than expected.

Loan details



Repayment schedule

*This loan is impacted by the COVID-19 crisis and your support is needed more than ever. Repayments may be delayed or lower than expected.