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Los Angeles 2 Group
In this Group: Zulma Nelida, Teófila , Rumilda , Juana , Felicia , Ilda , Ramona , Teresa , Esperanza , Sonia , María , Ninfa , Norma , Teodolina , Marina *, Zunilda *
* not pictured
This communal bank was formed thanks to one of the members, who had already been a member of another group in the area. She reached out to her neighbors and friends in order to form her own communal bank. They appreciate the opportunity that the Fundación Paraguaya is providing them, since they will have new opportunities to start up better businesses, contribute income to their households, and in this way provide their children with a better life.

Zulma is one of the members. She has a dressmaking business, which allows her to have her own income and in this way contribute to the income of her household. She is a responsible and hardworking person. She tells us that she always has a lot of work, and this makes her very happy. One of her dreams is to be able to continue to grow her business, and in this way help out people in her neighborhood as well.

Zulma requests a loan to buy fabric and thread. This will help her a lot, because she has a lot of orders and she would like to fill them.
View original language description ↓
La formación del presente comité se inició gracias a una de las miembros, quien ya había formado parte de otro comité de la zona. La misma contacto con sus vecinas y amigas para formar su propio comité. Ellas agradecen la oportunidad que le brinda la Fundación Paraguaya; ya que tendrán nuevas oportunidades para emprender un mejor trabajo, colaborando con los ingreso de su hogar y así brindarle a sus hijos un mejor bienestar.
La Sra. Zulma es una de las miembros, ella se dedica a la costura, lo que le permite tener un ingreso propio y así colaborar con los ingresos de su casa, es una persona responsable, y trabajadora. Ella nos comenta que siempre esta con mucho trabajo, lo cual la alegra mucho. Uno de sus sueños es poder seguir creciendo y de esa forma ayudar a las personas de su barrio también.
Zulma solicita el crédito para la compra de telas e hilos, lo cual la ayudará mucho, pues tiene muchos pedidos y le gustaría poder cumplir con ellos.

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
  • 82
    View loans »
    Paraguay Loans Fundraising
  • $35,137,850
    Funds lent in using Kiva
  • 4,435.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Angeles 2 Group's $1,975 loan helped a member to buy fabric and thread to use in her dressmaking workshop.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Nov 21, 2011
Dec 19, 2011
Currency Exchange Loss:
Mar 15, 2012