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San Miguel Group
In this Group: Eusebia, Luisa, Cinthia, Ada, Luisa, Antonia, Maria, Arminda, Balbina, Sebastina, Maria, Felicita, Antonela, Lourdes*
* not pictured
This group was started by Sra. Luisa C. who invited her neighbors to form a committee. The members engage in activities based on their skill sets and have the equipment needed to run their businesses.


One of the members is Sra. Eusebia, a teacher. She joined the committee and wants to start a business so that she can generate extra income. Eusebia is requesting a loan in order to buy clothing and shoes that she can sell in her spare time. Sometime later she hopes to open a boutique where she can display her merchandise.

View original language description ↓
Este Grupo se formo atrvez de la Sra. Luisa C., le invito a sus vecinas para formar un comité.
Cada una de las integrantes realiza actividades dependiendo de las facilidades con que cuetan y de las herramientas con cuentan para sus emprendimientos.
De esta manera una de las integrantes es la señora Eusebia docente y se ha integrado al comité y quiere comenzar con una actividad que le genera ingreso extra a la actividad que ella realiza.
Solicita el prestamo para la compra de ropas y calzados que estaria vendiendo en un comienzo en sus tiempos libres y mas adelante si el negocio resulta desea abrir un salon para exponer sus mercaderias.

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
  • 128
    View loans »
    Paraguay Loans Fundraising
  • $31,646,375
    Funds lent in using Kiva
  • 4,910.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Miguel Group's $1,500 loan helped a member purchase clothing & shoes.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2010
Listed
Oct 25, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011