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Las Mercedes Group
In this Group: Petrona, Gladys, Barbara, Graciela, Amalia, Maria, Cristina, Juana, Irma, Myrian, Rosalia, Florentina, Eustacia, Josefina, Felicita, Marlene, Benita, Estela, Liz, Asunción , Maria *
* not pictured
The Mujeres Las Mercedes [The Mercedes Women] committee from the Mercedes neighborhood was formed due to the desire of the members to start a group with members that would work and help eachother. They approached Fundacíon Paraguaya to join The Committee of Entrepreneurial Women program. Currently, the committee is in its sixth cycle and all are very satisfied with the successes they have had.

Petrona H. has a business that offers all kinds of household products. She wants to develop her business by selling clothes. For this she is asking for a loan to buy winter clothes like jackets, sweatshirts, sweaters, and pants.

She is very grateful for the loan that the group has received, has already been able to invest in her business and will be able to increase her income.
View original language description ↓
El comité Mujeres Las Mercedes del barrio Las Mercedes, se formo mediante el deseo de las integrantes de formar un grupo para trabajar con ayuda mutua entre las integrantes quienes se acercaron hasta la Fundación para integrarse al programa de Comité de Mujeres Emprendedoras, actualmente el comité se encuentra en el sexto ciclo y todas están muy satisfechas con los logros obtenidos mediante el comité.

La señora Petrona H. tiene negocio donde ofrece todo tipo de productos de uso domésticos y actualmente quiere ampliar su negocio con la venta de ropas para ello solicita un préstamo para la compra de ropas para invierno como camperas, buzos, suéter, pantalones.
Ella está muy agradecida por el crédito que recibieron ya pudo invertir en su negocio y podrá aumentar sus ingresos.

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

  • $8,400
    Average annual income
  • 30
    View loans »
    Paraguay Loans Fundraising
  • $37,192,625
    Funds lent in using Kiva
  • 4,725.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Mercedes Group's $3,400 loan helped a member purchase of clothing for the winter season, like jackets, pants, and sweatshirts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
May 27, 2010
Jun 17, 2010
Currency Exchange Loss:
Oct 15, 2010