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Maria Auxiliadora Group
In this Group: Maria Magdalena, Bernarda, Deisy, Maria Cristina, Maria Raquel, Lidia, Lina, Carmen, Liz, Claudelina, Ana, Benita, Brigida, Dominga, Carina, Loreta, Sulma
The Maria Auxiliadora Communal Bank was born through the effort and support of another communal bank, which is working in the city of San Lorenzo.

This communal bank set their main objective to be the growth of each one of its members. All of the members are known in the area as very hard-working women.

Maria Magdalena R., age 47, is the president of the group. She lives in the city of Laurelty. She is an enterprising, hard-working, and above all, a very optimistic woman. She devotes herself to “quiniela”, a very common game of chance (lottery) in Paraguay. In the game the numbers are a diversion, and the combinations for the lotteries are transmitted on television and on the radio. The results are also published every day in newspapers and on the internet.

Maria Magdalena wants to get a loan to be able to make the stand where she works a bit more comfortable. She wants to be able to buy more space for this game of chance. That way she can get more people to participate, and she will get greater income to support her family.
View original language description ↓
El comité Maria Auxiliadora nace mediante la gestión y el apoyo de otro comité que se encontraba trabajando en la ciudad de San Lorenzo.
Este comité se fijó como objetivo principal el crecimiento de cada una de sus integrantes, todas las miembros son reconocidas en el lugar como mujeres muy trabajadoras.
La Sra. Maria Magdalena R., es presidenta del grupo y tiene 47 años, ella está domiciliada en la ciudad de Laurelty, es una mujer emprendedora, trabajadora y por sobretodo muy optimista.
Ella se dedica a la quiniela, es un juego de azar muy común en Paraguay, en el cual los números son diversión y combinación para los sorteos que se realizan y trasmiten por televisión y radio, incluso los resultados son publicados cada día por periódicos e internet.
La sra. Maria Magdalena desea obtener el crédito para poder tener su puesto de trabajo con un poco más de comodidad y poder comprar mayores espacios para este juego de azar, de modo a obtener mayor participación de parte de las personas y ganar ella algunos ingresos para mantener a su familia.

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
  • 55
    View loans »
    Paraguay Loans Fundraising
  • $28,644,000
    Funds lent in using Kiva
  • 4,030.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Maria Auxiliadora Group's $3,600 loan helped a member to invest in her business stand.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2011
Listed
Apr 26, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011