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San Ramón Group
In this Group: Norma, Evangelina, Élida, Epifania, Oilda, Eustacia, Zulma, Daniela, Salustiana, Lorena
The women of this communal bank are from the San Ramón de Punta del Este neighborhood in the city of Caacupé. The president of the group is Señora Norma G.. She lives with her husband and children and works as a domestic employee. In her free time she sells empanadas from her store. She and her partners are very satisfied with the financial support from Fundación Paraguaya. With the capital the women are expanding their businesses and improving their quality of life. The ten members of this group are in their second loan cycle.
View original language description ↓
Las mujeres del presente comité son del barrio San Ramón de Punta del Este de la cuidad de Caacupé.
La presidenta del comité es la señora Norma G., vive con su marido y sus hijos, ella trabaja como empleada doméstica y en su horas libres vende empanadas en su despensa.
Ella y sus compañeras están muy satisfechas con el apoyo económico que les está brindando la Fundación Paraguaya, con este capital las señoras están aumentando sus pequeños negocios y así también sus ingresos para una mejor calidad de vida.
Las señoras están en el segundo ciclo con sus 10 integrantes.

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
  • 54
    View loans »
    Paraguay Loans Fundraising
  • $29,502,975
    Funds lent in using Kiva
  • 4,608.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Ramón Group's $1,600 loan helped a member baked goods, fruits and vegetables as well as expanding their businesses.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2011
Listed
Feb 9, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011