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San Miguel Group
In this Group: Olga, Liza, Nélida , Marciana, Amelia, Lidia, Concepción, Agripina, Sofia, Teresa, Juana
The communal bank San Miguel is comprised of 11 women who are friends and neighbors in the same city. They got together to help their families and children since they want them to have a better future than they had, with a dignified, proper lifestyle.

One of the members is Mrs. Nélida who has a beauty salon where she works daily attending to many customers. She has been able to generate a decent income through the business, which helps her maintain the family and cover household expenses.

She is requesting a loan to buy hair color, gel, sprays and other supplies for her beauty salon. She is grateful to the Fundación for this opportunity since the loan will be very helpful.
View original language description ↓
El comité llamado San Miguel está integrado por 11 mujeres, todas ellas amigas y vecinas D. esa ciudad. Ellas se organizaron con el propósito D. ayudar a sus familias y sus hijos, quieren que ellos tengan un mejor porvenir del que ellas tuvieron, desean darles una vida digna y decorosa.
Una D. las miembros es la señora Nélida, ella tiene una peluquería en la cual diariamente atienD. a muchas personas, lo cual le genera muy buenos ingresos. Comenta que este negocio es lo que la ayuda a generar los ingresos necesarios para poder mantener a su familia, como así también poder paliar los gastos D. la casa.
Ella solicita el crédito para la compra D. tintes, gel, sprays y otros insumos necesarios para la peluquería. Agradece a la Fundación por la oportunidad que esta le brinda, 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

  • $8,400
    Average annual income
  • 77
    View loans »
    Paraguay Loans Fundraising
  • $30,761,400
    Funds lent in using Kiva
  • 4,040.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Miguel Group's $1,500 loan helped a member to buy hair color, gel, scissors and other beauty salon supplies.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2011
Listed
Oct 4, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012