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San Miguel Group
In this Group: Juana, Ramona, Nelida, Florinda, Liz, Juana, Perla, Grecia, Faustina, Irma, Iluminada, Lidia, Ada, Celia, Isidora, Liz, Cintia, Sonia, Susana, Edofina, Carmen, Dionisia*, Eufemia*, Ninfa*
* not pictured
The group named San Miguel started out when one of the members wanted to form a group of responsible women. She invited her most trusted neighbors and friends to form the group. The group is now on their third loan cycle and there are 24 members.

The members define themselves as accomplished women who are hardworking and very responsilbe. They have one objective in common and that is to earn a greater income to cover their expenses.

Juana has a grocery store, one she has managed for some time now, and it is why she already has a well-defined clientele. She works hard day after day to generate a bit more income. She is the only on ewho is responsible for household expenses because a short time ago she became a widow. She lives with 5 of her children and with 3 grandchildren.

She requests a loan to purchase drinks, food products, milk products and other merchandise to supply her store. She is thankful to Fundacion (Kiva Field Partner) for the opportunity given to her. Obtaining a loan will be of great assistance.
View original language description ↓
El comité San Miguel se inicio gracias a que una D. las miembros quiso formar un grupo con señoras responsables, invitando a sus vecinas y amigas más confiables, D. esta forma se inicia el comité. Actualmente se encuentra en el tercer ciclo del programa con 24 integrantes.
Las integrantes se definen como mujeres luchadoras, trabajadoras y muy responsables. Tienen un objetivo común que es la obtención D. mayores ingresos para paliar los gastos D. cada una.
La señora Juana tiene una despensa, la cual explota desD. hace ya un tiempo, por lo que tiene ya una clientela bien definida. Ella lucha duro día a día por generar un poco más D. ingresos, ya que se encuentra sola con los gastos D. la casa ya que hace poco enviudo. Con ella viven 5 D. sus hijos y 3 nietos.
Ella solicita el crédito para la compra D. bebidas, comestibles, lácteos y demás para el abastecimiento D. su negocio. Agradece a la Fundación por la oportunidad que le da, pues D. obtener el crédito le será D. mucha ayuda.

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
  • 44
    View loans »
    Paraguay Loans Fundraising
  • $29,537,050
    Funds lent in using Kiva
  • 3,890.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Miguel Group's $4,800 loan helped a member to purchase drinks, food products, milk products and other merchandise to stock the inventory.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2011
Listed
Aug 16, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011