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Santa Marta Group
In this Group: Grisel Conecpcion, Marcia , Liz , Maria, Cristi , Tomasa , Maria, Angelica , Arminda , Claudia , Maria, Maria, Blanca , Eulalia *
* not pictured
This group has been part of the Fundación Paraguaya since the year 2008. It originated thanks a members’ contact with one of the advisors, who told her about how the committees worked. She was delighted by the information, and decided to organize her friends and neighbors. Currently, the group is comprised of 14 women and they are in their ninth cycle of the program.

One of the members is Grisel who, through selling a variety of clothing, has managed to help her family and improve the standard of living of its members. She defines herself as a woman who is hard working, willing to sacrifice and very entrepreneurial, who never tires of struggling for her own since she doesn’t want them to be in need of anything.

She requests this loan to purchase summer clothing, as the hot season is approaching and it is the time when she has the most demand for her products.
View original language description ↓
Este grupo forma parte de la familia de fundación paraguaya desde el año 2008, el cual tuvo sus orígenes gracias a que una de las miembros contacto con una de las asesoras y esta le comento de la forma de trabajar de los comités, con lo que ella quedo encantada y decidió organizar a sus amigas y vecinas. Actualmente está integrado por 14 mujeres, y están ya en el noveno ciclo del programa.
Una de las miembros es la señora Grisel, quien por medio de la venta de prendas de todo tipo ha logrado ayudar a su familia y mejorar las condiciones de vida de sus miembros. Ella se define como una mujer muy trabajadora, sacrificada y muy emprendedora, quien no se cansa de luchar por los suyos, pues no quiere que ellos pasen por privaciones.
Ella solicita el crédito para la compra de prendas de verano, pues se acerca el tiempo del calor y es en esta época donde tiene más pedidos.

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
  • 49
    View loans »
    Paraguay Loans Fundraising
  • $29,527,325
    Funds lent in using Kiva
  • 4,265.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Marta Group's $4,100 loan helped a member buy summer clothing to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2011
Listed
Nov 17, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012