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Rosa Mistica Group
In this Group: Rosa, Asunción , María Celia, Lucía, Gabriela , Rosa , Ursulina, Mirtha, Ema , María, Rosalía , Herminia , María, Rosalina, Serafina, Lidia, Fedencia, Angelina, Vilma, Blanca*, Sandra*, Margarita*, María, Librada*
* not pictured
This committee was started by Sra. Rosa Ruiz D., who lives in the neighborhood of Ciudad Nueva Km 7. She contacted her neighbors and friends to form this committee from the area. The committee is named “Rosa Mística”, and consists of 24 active and supportive women who are all from the same area. They have different business activities, with some undertaking new ventures in order to earn a steady income.

Sra. Rosa sells clothing. She has a vending post at the market of Ciudad del Este. There she displays the merchandise she has for sale. She says she performs her work with great hope because she wants her children to study and have a better life in the future as professionals. Rosa also wants to expand her business by adding a shoe store next to her clothing stand. She currently sells all types of clothing and, with this loan she is requesting, will buy school uniforms such as pants, shirts, T-shirts, socks, and skirts.
View original language description ↓
Para la formación del comité inició la señora Rosa Ruiz D., quien vive en el barrio Ciudad Nueva Km 7, ella contacto con sus vecinas y amigas para formar el comité en la zona.
El comité se denomina “Rosa Mística”, está constituido por 24 señoras muy activas y solidarias todas de la misma zona. Ellas tienen actividades diferentes algunas emprenderán una nueva labor y cuentan con un ingreso fijo.
La señora Rosa se dedica a la venta de Ropa, ella posee un puesto de venta en el mercado de Ciudad del Este ahí expone sus mercaderías para la venta, ella nos comenta que el trabajo que ella realiza lo hace con mucha esperanza, ya que quiere que sus hijos estudian y tengan un mejor viD. como profesionales en el futuro, ella también desea, ampliar su negocio, anexando una zapatera a su ropería.
Actualmente solo vende ropas de todo tipo, y crédito que ella solicito para la compra de uniformes escolares como pantalones, camisa, remeras, medias, polleras.


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
  • 44
    View loans »
    Paraguay Loans Fundraising
  • $28,281,075
    Funds lent in using Kiva
  • 4,631.6
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Rosa Mistica Group's $3,400 loan helped a member purchase school uniforms.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2010
Listed
Apr 1, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010