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San Miguel Group
In this Group: Blasia Tecla, Epifania, Maria, Alicia, Zunilda, Maria, Silvia, Angelina, Hermogena, Elsa, Leonarda, Esmelda
The communal bank San Miguel was formed through the initiative of Señora Blasia who was very interested in the program, organized her friends, as they are all neighbours, into the group which currently has a total of 12 members. They are all women of little means and they saw the Fundacion as a great opportunity as several communal banks in the city are making progress.

This group is in its 1st cycle and is learning the importance of teamwork that is honest, responsible and communicative within the group.

Señora Blasia works in the breeding and sale of animals. She says that this kind of work is very hard as she must keep a close eye on the animals so they do not get sick and the like. In spite of this, she says that she makes a very good profit and she would like to continue in this work.

One of her dreams is to have a farm where she can keep all kinds of animals for breeding.

She is asking for the loan to buy animals, as well as nutritionally balanced feed for them. She is grateful to the Fundacion for the opportunity this provides her with as obtaining the loan will be of considerable help to her.
View original language description ↓
El comité llamado San Miguel, se conformó gracias a la iniciativa de la señora Blasia quien se mostró muy interesada por el programa, organizó a sus amigas, ya que todas son vecinas y actualmente cuenta con un total de 12 integrantes. Todas ellas son mujeres de escasos recursos y vieron en la Fundación Paraguaya una gran oportunidad ya que son varios comités en la ciudad que están saliendo adelante.
Este comité se encuentra en el primer ciclo, y están aprendiendo la importancia de trabajar en equipo dentro de un grupo con responsabilidad, honestidad y comunicación.
La señora Blasia se dedica a la cría y venta de animales, dice que este es un trabajo muy sacrificado, ya que debe de estar muy al pendiente de los animales, para que no se enfermen y cosas similares, pese a esto dice que le trae muy buenas ganancias y que le gustaría poder seguir con su trabajo. Uno de sus sueños es poder tener una granja donde pueda tener todo tipo de animales para criar.
Ella solicita el crédito para la compra de animales, como así también balanceados para los mismos. Agradece a la Fundación por la oportunidad que esta le brinda, pues de obtener el crédito le será de 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
  • 81
    View loans »
    Paraguay Loans Fundraising
  • $29,572,900
    Funds lent in using Kiva
  • 3,940.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Miguel Group's $1,700 loan helped a member to buy animals to breed for subsequent sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2011
Listed
Oct 2, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012