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Santo Domingo Group
In this Group: Hermelinda, Felicia, Nidia Concepcion, Aurora, Ninfa Eusebia, Limpia Concepcion, Teodolina, Ygnacia, Bernarda, Luciana, Silvina, Ilse Maries, Elena, Elsa , Clara Adriana, Reinalda*, Narcisa*
* not pictured
This committee was started in the Santo Domingo neighborhood in the city of Caaguazú. Hermelinda G. took part in an informational meeting in her area and she came up with the idea of starting a committe on her block with her neighbors. They got together with lots of enthusiasm, seventeen women in all, each with her own independent job. They've got the desire and the responsibility they need and they all help each other and work as a team.

Hermelinda needs a loan to get more pantry items. She needs to buy a lot of products that, for lack of means, she couldn't get before. She's a very devoted mother and wants her children to have a much better life than she had.
View original language description ↓
Este comité se formó en el Barrio Santo Domingo de la Ciudad de Caaguazú, la Sra. Hermelinda G., participó de una reunión informativa por la zona, y le encantó la idea de formar un comité en su cuadra con sus vecinas, las mismas se reunieron con mucho entusiasmo, en total son 17 (diez y siete) señoras, cada una con trabajos independientes, ellas poseen las ganas y la responsabilidad que se necesitan, se ayudan mutuamente y trabajan en equipo.
La sra. Hermelinda necesita el crédito para ampliar su despensa, comprando muchos de los productos que por falta económica no puede adquirir; ella es una madre muy dedicada y desea que sus hijos tengan una vida mucho mejor que la que tuvo ella.

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
  • 69
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,550.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Santo Domingo Group's $2,900 loan helped a member to buy meat, fish, milk, flour, sugar, fruits and vegetables.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2011
Listed
Feb 21, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011