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Espíritu Santo Group
In this Group: Liz, Alicia, Amelia, Vivian, Antonia, Juana, Anastacia, Elvira, Mercedes, Carolina, María, Luisa, Gladys, Magdaelena*, Elisa*, Catalina*
* not pictured
The “Espíritu Santo” (Holy Spirit) Communal Bank is comprised of 16 women in the city of Paraguarí. They formed the group after having heard talk about the enterprising women's program. They have assumed the commitment of staying together and working with the mutual respect that all of the members deserve. They are currently in their seventh cycle with excellent ratings.

The members of the communal bank can be defined as hard-working and tenacious women. They all work for the good of their families. The members dream of giving their families a better future than they had.

Antonio has a store where she sells all types of drinks. Through her business she has been able to support her family and generate a little more income. Her dream is to be able to one day expand her store. Sometimes there is a lot of demand for drinks, and she does not have sufficient space.

She is requesting the loan to buy drinks like wine, beer, whiskey, and other types of drinks to stock her place.
View original language description ↓
Espíritu Santo es el comité formado por 16 mujeres de la ciudad de Paraguarí, ellas se formaron luego de haber oído hablar del programa de mujeres emprendedoras. Ellas han asumido el compromiso de mantener reunido el grupo y trabajar bajo un marco de respeto mutuo que todas las integrantes se merecen, actualmente se encuentran en el séptimo ciclo con calificación excelente.
Las miembros del comité se definen como mujeres trabajadoras y luchadoras, todas ellas trabajan por el bien de sus familias. Sueñan con brindar a sus familias un mejor porvenir del que ellas tuvieron.
La Sra. Antonia tiene una bodega donde vende todo tipo de bebidas, mediante su negocio ha podido mantener a su familia y generar un poco más de ingresos. Su sueño es poder, algún día, ampliar su bodega ya que a veces tiene mucha demanda de bebidas y no tiene espacio suficiente.
Ella solicita el crédito para la compra de bebidas como vinos, cervezas, whiskys y demás tipo de bebidas para el abastecimiento del local.

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
  • 29
    View loans »
    Paraguay Loans Fundraising
  • $28,082,175
    Funds lent in using Kiva
  • 3,935.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Espíritu Santo Group's $3,425 loan helped a member to buy drinks like wine, beer, whiskey, and other types of drinks.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 23, 2011
Listed
Aug 1, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011