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Santa Marta Group
In this Group: Eulalia, Graciela, Clemencia, Griselda, Grisel, Gumercinda, Tomasa, Encarnacion, Cristina, Cristi, Cristina, Angelica, Marcia, Jorgelina, Arminda
The Santa Marta Women’s Committee was formed on the 21st of August 2008 thanks to its former Director Marcia L., who herself sells dry goods. When Ms. L. contacted the counselor at a weekly meeting in her area to find out more about the Women’s Entrepreneurship program she brought together 15 women, all of whom have worked together ever since, and are now in their 5th loan cycle together.

The average credit drawn by each member is 680,000 Gs., which is used for different activities, such as the sale of food, dry goods, cakes and other pastries, lingerie, beverages, cosmetics, clothes, candy, and the cultivation and sale of pigs, etc.

All of them perform fundraising activities, help each other reach their common goals of growing their business and repaying their loans on time.

They actively participate in weekly meetings and have impeccable work solidarity.

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

  • $4,555
    Average annual income
  • 59
    View loans »
    Paraguay Loans Fundraising
  • $27,639,125
    Funds lent in using Kiva
  • 4,860.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Marta Group's $2,100 loan helped a member to purchase merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2009
Listed
Nov 22, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010