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8 De Diceimbre Group
In this Group: Carmen, Ramona, Alejandra, Elisa, Nelida, Maria, Viviana, Carolina, Melissa, Victoria, Angelica, Martina, Viviana, Cinthia*
* not pictured
The communal bank “8 de Diciembre” (8th of December) has been organized for more than one year and works with the Fundación Paraguaya. Its members are already performing productive activities. They are very hardworking women who dream of a better future for their families and for their children.

Nelida is part of this group. She is a very self-sacrificing person that struggles each day for her family's daily bread in order to be able to help them. She works recycling products like plastic, paper, bronze and so on which she collects and sells. She also buys and then resells them and thus she has better advantages and profits.

She is requesting this loan to be able to invest it in the purchase of plastic, paper and so forth in quantity in order to be able to resell them and have greater earnings in order to continue helping her family.
View original language description ↓
El comité "8 de Diciembre" lleva mas de 1 año de organización y trabajo con la Fundación Paraguaya, sus integrantes ya vienen realizando una actividad productiva, ellas son mujeres muy trabajadoras que sueñan con un mejor futuro para sus familias y para sus hijos.
Nelida es parte de este grupo, ella es una persona muy sacrificada, que se esfuerza diariamente para el pan de cada día de su familia para poder ayudarlos. Ella se dedica al reciclaje de productos, como ser plásticos, papel, bronce y demás, que junta y vende, también compra y luego los revende y así tiene mejores ventajas y ganancias.
Ella solicita de este crédito para poder invertirlo en la compra de plásticos, papeles y demás en cantidad, para poder revenderlos y tener mayores ganancias para seguir ayudando a su familia.

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
  • 74
    View loans »
    Paraguay Loans Fundraising
  • $35,070,400
    Funds lent in using Kiva
  • 4,209.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 8 De Diceimbre Group's $4,225 loan helped a member to buy plastic, paper and so on.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 17, 2012
Jan 16, 2013
Currency Exchange Loss:
May 17, 2013