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8 De Dicimbre Group
In this Group: Adolfina, Ediltrudis, Liz, Lourdes, Blanca, Elisa, Elisa, Anastacia, Zunilda, Victoria, Sonia
The 8 de Diciembre (8th of December) communal bank was formed through the union of various residents in the city of Santaní. Currently it consists of 11 women, all of whom are hard workers, fighters, and above all, very honest and responsible. They came together with the goal of growing, not just financially, but also on a personal level.

Adolfina sells all types of items as a street vendor. Some of the things that she sells are blankets, comforters, shoes, etc., for which she has many requests. One of her dreams is to have a shop where she can offer all types of merchandise, so that she doesn't have to travel the streets, which is very hard.

She is asking for this loan to buy sheets, blankets, comforters, etc., because she has many orders for these items and wants to satisfy her clients. She would like to thank Fundación Paraguaya for the opportunity that they're offering, as obtaining this loan will be very helpful in her endeavors.
View original language description ↓
El comité 8 De Diciembre se formó con la unión de varias vecinas de la ciudad de Santaní. Actualmente está integrado por 11 mujeres, todas ellas son trabajadoras, luchadoras y por sobre todo muy honestas y responsables. Se unieron con el objetivo de crecer no solo económicamente sino también a nivel personal.
La señora Adolfina se dedica a la venta de artículos de todo tipo en forma ambulante, algunas de las cosas que vende son frazadas, edredones, zapatos y otros, de los que tiene muchos pedidos. Uno de sus sueños es poder tener un local donde pueda ofrecer todo tipo de mercaderías, para que de esa forma ya no tenga que recorrer por las calles, pues es muy sacrificado.
Ella solicita el crédito para la compra de sabanas, frazadas, edredones y otros, pues tiene muchos pedidos de los mismos y le gustaría cumplir con sus clientes. Desde ya agradece a la Fundación por la oportunidad que esta le brinda, pues de obtener el crédito le será de mucha ayuda en sus proyectos.

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
  • 51
    View loans »
    Paraguay Loans Fundraising
  • $38,032,600
    Funds lent in using Kiva
  • 3,845.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 8 De Dicimbre Group's $1,600 loan helped a member to buy sheets, blankets, comforters, etc. to sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Jul 27, 2011
Sep 1, 2011
Currency Exchange Loss:
Mar 15, 2012