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Mujeres Alegres Group
In this Group: Marcelina , Librada , Celia , Catalina , Ena , Estela , Raimunda , Ana , Nilsa , Leonida , Zunilda , Taciana , Faustina , Nilsa *, Zunilda *, Nilda *
* not pictured
Former member of the San Francisco committee, Ms Eda Espinola, took action to create this committee. She contacted her neighbors and friends to form the committee in their community. The committee is called "Mujeres Alegres" and is starting its first cycle with 16 members. It's a group that is known for its shared responsibility and caring membership.
Ms Faustina Gil has a small general store alongside her house where she tries to sell the basic necessities for her neighbors. Her wish is to increase the quantity of her merchandise. So she is asking for a loan to buy a variety of top quality products. The women are requesting a loan of Gs 500,000 in order to buy merchandise to sell.

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
  • 28
    View loans »
    Paraguay Loans Fundraising
  • $28,082,175
    Funds lent in using Kiva
  • 4,550.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Alegres Group's $1,800 loan helped a member purchase merchandise to sell.
100% repaid
Repayment Term
4 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 4, 2011
Listed
Feb 13, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2011