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Grupo De Amigas Group
In this Group: Elvira , Natividad , Elizabeth , Elva , Ilsa , Justina , Sonia Aide , Benita Beatríz , Celia Noemí , Nidia , Eva , Natalia , Leonida , Santa *, Isabel *
* not pictured
This group arose from a presentation made near the neighborhood, and it is now in the third loan cycle. They've been operating since 2010 and they've saved 2,035,349 PYG.

The director is Ms. Elvira P. of Miranda who is married and has six children. Her husband is a tradesman. Elvira works in the selling of clothes around the neighborhood as a peddler with very good results. She says that the loans given by the foundation help her buy more clothes. She is very grateful as thanks to that, she can get more income.

All the women in the group also have productive activities, like hairdressing, selling, cleaning, fruit sales, etc.

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
  • 15
    View loans »
    Paraguay Loans Fundraising
  • $37,138,000
    Funds lent in using Kiva
  • 4,540.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Grupo De Amigas Group's $2,150 loan helped a member to buy clothes and underwear for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jan 19, 2011
Feb 13, 2011
Currency Exchange Loss:
Jun 15, 2011