Espiritu Santo Group
They are neighbors and friends from the Mburukuja neighborhood of Ciudad del Este. They do activities every weekend together to earn money on the side for when one member may not be able to pay their loan or is encountering difficulties with her business.
Their official group savings is 5,000,000 Gs. During their weekly meetings, the women have a raffle of basic needs products within the group. They are very supportive and responsible, and always pay their loan on time, if not in advance.
1 Cristina M. - Handicrafts
2 Daisy R. - Sandal sales
3 Pablina M. - Food sales
4 Lorenza L. - Cosmetic sales
5 Ada P. - Beverage sales
6 Leonarda B. - Lottery ticket sales
7 Nicolasa B. - Convenience store
8 Geronima A. - Food sales
9 Maria S. - Sandal sales
10 Cintia M. - Clothing sales
11 Maria R. - Dressmaker
12 Maria G. - Cleaning product sales
13 Evanir H. - Small grocery store
14 Rosalina N. - Undergarment sales
15 Liz V. - Clothing sales
16 Rosa V. - Cleaning product sales
17 Antonia P. - Cosmetic sales
18 Maria G. - Costmetic sales
19 Marlene H. - Diner
20 Patrocinia M. - Cosmetic sales
21 Alcida A. - Food sales
22 Apolonia V. - Small grocery store
About Fundación ParaguayaFundación 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.
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Success!! The loan was 100% repaid