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Reina De La Paz Group
In this Group: Gertrudis, Ciria , Toribia , Edith , María , Irma , Lucina , Andrea , Nona , María , Magda
The “Reina de la Paz” comunal bank was formed by the joining together of friends and neighbors in the city of Santaní. They are heads of households who have decided to help their families through their work.

Toribia is a member of the group and tells us that she has managed to succeed through a great deal of sacrifice and effort. Her hair salon business has helped her give her family what they need, and that way improve their income and standard of living. She says that she has a very good clientele, as she always attends to her customers well, and provides them with a good service.

Toribia is applying for the loan to buy hair coloring, hairspray, rollers, scissors, combs and other supplies, in order to supply her business and continue offering a good service to her customers.
View original language description ↓
El comité “Reina de la Paz” se formó con la unión de amigas y vecinas de la ciudad de Santaní, ellas son mujeres jefas de familia, que han decidido ayudar a sus familias por medio de su trabajo.
Toribia es miembro del grupo, y nos comenta que con mucho sacrificio y esfuerzo ha logrado salir adelante, su trabajo de peluquera le ha ayudado a dar a su familia lo que necesitan y de esa forma mejorar sus ingresos y estilos de vida. Ella comenta que tiene muy buena clientela, ya que siempre atiende bien a sus clientes y les da un buen servicio.
Toribia solicita el crédito para la compra de tintes, spray, ruleros, tijeras, peines y demás insumos para poder surtir su negocio y seguir ofreciendo un buen servicio a sus clientes.

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
  • 48
    View loans »
    Paraguay Loans Fundraising
  • $38,032,600
    Funds lent in using Kiva
  • 4,465.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Reina De La Paz Group's $2,075 loan helped a member to buy hair coloring, hairspray, rollers, scissors, combs and other supplies.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Apr 27, 2012
May 30, 2012
Currency Exchange Loss:
Dec 15, 2012